Log in

Market Direction

Can DOT get to the $5.70s and run higher?

Updated: Jul 25, 2024
Published: Nov 2, 2023
0
Share:

DOT is one of the coins we’ve been excited about in the last few days because it still has more room to run. And finally, DOT is beginning to move as we predicted. Long story short, we think we will get further upside here.

Post Feature Image

TLDR

  • DOT has broken the crucial $4.53 resistance level, opening the path to $4.97 and potentially $5.23.
  • DOT's breakout from its main downtrend line and support above $4.22 is a positive sign.
  • RSI in overbought territory (71) is not discouraging, and no bearish divergences are present.
  • We predict a short-term target of $5.23 and potential medium-term gains to $5.77.
Disclaimer: Not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. “One Glance” by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. They are not signals, and they are not financial advice.

Technical analysis

The break above the $4.53 horizontal resistance is key for DOT and should now give DOT enough fuel to push onto the $4.97 horizontal level and then the $5.23 area if $4.93 can be overcome. 

We feel that DOT can head to $5.23 simply due to DOT breaking out from its main downtrend line while also getting above and building support above the $4.22 level. 

DOT 1D
aligncenter size-full wp-image-290112

RSI and funding rates

At 71, the RSI is now in overbought territory for the first time. However, this isn’t something that should put us off.  We’ve seen other coins go heavily into overbought territory only to achieve more meaningful runs to the upside. For now, there are no bearish divergences. DOT could have more room to run.

The funding rate is positive, while the open interest is still relatively low. This is a healthy setup mechanics-wise and should aid DOT to continue a move higher.  

Cryptonary’s take

Assuming BTC can hold up, we feel DOT can continue to head higher. We have a short-term target of $5.23. In the medium term, if we continue to see bullish price action, then we may get a move into $5.77.  

Action

  • We are not taking any new action on DOT. We took a long/buy position in the $4.30’s for a move higher. We’re looking for this to continue into the $5’s in the short term.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025