Polkadot [dot]重新點燃了看漲的勢頭，從3.75美元低於$ 3.85的水平急劇上升為穩固的支持。

該資產在其關鍵需求區域上方劃出了經典的杯子和手柄圖案，這表明潛在的趨勢延續。

Polkadot [DOT] has quickly gained bullish momentum as it rebounded sharply from the lower $3.75 zone and flipped the $3.85 level into a strong support.

Polkadot [dot]很快就獲得了看漲的動力，因為它從較低的3.75美元區域急劇反彈，並將$ 3.85的水平翻轉成強烈的支持。

Now, the asset is forming a classic cup-and-handle pattern as it attempts to break above the key $5.00 resistance, which also serves as the upper boundary of the long-term demand zone. This move is setting the stage for a potential continuation of the bullish trend. At the time of writing, DOT is trading at $4.11, showing a strong 9.21% daily increase.

現在，該資產試圖超越關鍵$ 5.00電阻，這也是長期需求區域的上限，因此該資產正在形成經典的杯手柄圖案。此舉為看漲趨勢的潛在延續奠定了基礎。在撰寫本文時，DOT的交易價格為4.11美元，顯示每日增長9.21％。

This move follows a decisive shift in the market structure and is in line with increasing technical strength.

這一舉動遵循市場結構的決定性轉變，並且與技術實力的提高一致。

Thus, the angle will be to examine if DOT’s renewed structure, combined with rising volume and improving macro conditions, can sustain its push toward the $5.00 resistance.

因此，角度將是檢查DOT的更新結構是否加上不斷增長的體積和改善宏觀條件，可以維持其朝著5.00美元的電阻推向。

Are bulls gaining control?

公牛會得到控制嗎？

DOT’s derivatives data continues to display aggressive build-up of long positions. As seen in the data from Coinglass, trading volume surged by +45.85% to $494.41 million, while Open Interest jumped +12.89% to $376.11 million.

DOT的衍生工具數據繼續顯示出長期位置的積極積累。從Coinglass的數據中可以看出，交易量的飆升 +45.85％，至4.941億美元，而開放利息躍升了 +12.89％，至376.11億美元。

This simultaneous increase in both metrics, alongside the price appreciation, suggests that fresh capital is flowing into the market rather than traders booking profits.

這兩個指標的同時增長以及價格升值都表明，新的資本正在流入市場，而不是交易者預訂利潤。

This behavior indicates that traders are anticipating continuation rather than reacting to short-term spikes. Hence, the bullish sentiment observed in derivatives adds another layer of confirmation to DOT’s current technical setup.

這種行為表明交易者正在期望延續，而不是對短期峰值做出反應。因此，在衍生物中觀察到的看漲情緒為DOT當前的技術設置增加了另一層確認。

Moreover, the latest price breakout coincided with a wave of short liquidations. As shared by Glassnode, over $354.86K in short positions were wiped out, compared to just $48.19K in longs.

此外，最新的價格突破與短暫的清算浪潮相吻合。正如GlassNode所共有的那樣，耗盡了超過354.86K的$ 354.86K，而渴望僅為48.19萬美元。

This data shows that sellers were caught off guard and forced to exit, further fueling the upside momentum.

該數據表明，賣方措手不及並被迫退出，進一步加劇了上行勢頭。

Furthermore, Binance’s liquidation map reveals a thick layer of short pressure between $3.75 and $4.10. DOT’s rapid climb through this zone triggered a cascade of stop losses and quickly cleared the way for further gains.

此外，Binance的清算圖顯示了$ 3.75至4.10美元之間的較厚壓力層。 DOT在該區域的迅速攀爬引發了一系列的停車損失，並迅速為進一步的收益掃清了道路。

As a result, the path toward $5.00 appears less encumbered and more technically feasible, considering the technical selloffs that unfolded as price sliced through the last band of short positions.

結果，考慮到通過在最後一個短職位上切成薄片的價格銷售的技術拋售，通往5.00美元的道路似乎較少，而且技術上的可行性更高。

Is macro momentum lifting DOT?

宏動量抬起點嗎？

Beyond the immediate price action, macro-level liquidity trends are also aiding the bullish narrative. As seen in the chart, the M2 Global Liquidity Index has climbed to 97.3, showcasing a sustained increase in capital flowing into risk assets.

除了立即採取價格行動之外，宏觀流動性趨勢也有助於看漲的敘述。如圖所示，M2全球流動性指數已攀升至97.3，展示了流入風險資產的資本持續增加。

In the past, DOT has largely moved in tandem with this index. When liquidity shrinks, DOT tends to follow suit, and vice versa.

過去，DOT在很大程度上與該指數同時移動。當流動性收縮時，DOT傾向於效仿，反之亦然。

Hence, the current expansion of liquidity bodes well for DOT to continue its rally. Additionally, this external confirmation strengthens the argument that DOT’s rise is not in isolation but part of a broader shift in the market structure.

因此，當前的流動性屍體良好的範圍使DOT繼續進行集會。此外，這種外部確認加強了以下論點：DOT的崛起不是孤立的，而是市場結構更廣泛轉變的一部分。

Polkadot [DOT]’s bullish breakout is no fluke. Technical momentum, liquidation-driven acceleration, and macro-level liquidity alignment are setting the stage for further upside.

Polkadot [dot]的看漲突破不是flu蟲。技術動量，清算驅動的加速度和宏觀流動性一致性正在為進一步的上升空間奠定基礎。

As traders continue to build long positions and short pressure has largely been flushed out, the next critical level to watch will be $5.00. If buying interest can maintain its strength, then DOT seems poised to test—and potentially break—this key psychological barrier in the near term.

隨著貿易商繼續建立長時間的職位，短期壓力已大大浮出水面，要觀看的下一個關鍵水平將為5.00美元。如果購買興趣可以保持其實力，那麼DOT似乎準備在短期內測試這一主要的心理障礙。