- DOT must reclaim $5.20 to confirm short-term bullish trend.
- $9.64M DOT unlock may affect price in low-demand environment.
- Mandala Chain integrates Polkadot into Indonesia’s digital infrastructure strategy.
Polkadot (DOT) is trading within a volatile price range, drawing renewed interest from analysts. Analyst Crypto Tony analysis shows DOT is testing a crucial resistance level at $5.20. The price recently bounced off strong support near $3.50 and is now showing upward momentum.
The $5.20 zone has historically acted as a midpoint within the broader $3.50–$7.50 range. Crypto Tony indicated that a successful reclaim of this level could confirm a bullish breakout.
He noted that holding above $5.20 would validate long entry positions. This level is key for trend confirmation and potential upside toward $7.50. Until then, DOT remains range-bound.
At press time, DOT is priced at $4.15, slightly down by 0.08% over the past 24 hours.
$9.64M DOT Unlock Could Influence Short-Term Price Action
Token unlock data from Tokenomist shows over $686 million in unlocks set between July 28 and August 4. Among them, Polkadot will see a linear unlock of 2.30 million DOT, valued at $9.64 million. This unlock accounts for 0.16% of DOT’s circulating supply.
Though relatively small compared to other scheduled releases such as SUI’s $189.62 million unlock, the DOT release could impact price action. Analysts suggest that low market demand may amplify the short-term effects of the unlock. Other tokens seeing large releases include JUP, ENA, and REZ, with SUI leading the list.
Mandala Chain Launch Highlights Polkadot’s Real-World Integration
Polkadot also announced the launch of Mandala Chain, a new digital infrastructure project in Indonesia. According to Polkadot’s official X account, this initiative aims to power national services, digital identity, and finance platforms. Built on the Polkadot blockchain, Mandala Chain will serve over 280 million citizens.
The project marks a major government-level blockchain integration in Southeast Asia. Analysts see Indonesia’s large and tech-aware population as a strong fit for the platform. This move reflects Polkadot’s strategy to support institutional and public-sector solutions beyond typical crypto use cases.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
