Crypto & Forex March 18, 2026 0 Comments

Is Polkadot’s $1.60 Resistance Break Imminent? Discover the Hidden Signal That Could Send DOT Soaring!

Bullish momentum has made a surprise comeback in the crypto arena over the last 24 hours, and Polkadot (DOT) is right at the forefront of this rally. Now, here’s the kicker — the altcoin’s price is testing a crucial supply zone near $1.60, a level that’s often where fortunes are made or lost. So the question on everyone’s lips: will the bulls hold the reins tight or will resistance snap the momentum in its tracks? What’s thrilling here is that long positions have doubled shorts, signaling a striking surge of confidence among traders. It’s almost as if the market is whispering sweet nothings about a potential bullish breakout, especially with Open Interest jumping by $10 million and funding rates tipping into the positive. Could this be the window savvy investors have been waiting for to accumulate more DOT? As I see it, the stage is set for a fascinating showdown between buyers and sellers, and the outcome could define Polkadot’s next big move. Buckle up — this might just be the beginning of an exciting chapter for the altcoin. LEARN MORE

Bullish momentum returned to the larger crypto market over the last 24 hours. Among the notable movers was Polkadot (DOT) after the altcoin recorded strong gains during this period.

Thanks to the same, at the time of writing, the crypto’s price was testing a key supply zone near $1.60. This level could define the next move as buyers tighten control in the derivatives market.

Market positioning shifts in favour of bulls

The number of long positions in the market doubled the number of shorts. At press time the token long/short ratio stood at 2.191.

This imbalance hinted at growing confidence among traders. It also highlighted that Polkadot’s participants may be betting on higher prices.

DOT long/short ratio — Source: Coinalyze

At the same time, Open Interest surged by $10 million.

Usually, a hike in Open Interest, alongside price gains, often means fresh capital entering the market. Such a finding also supports trend continuation in the meantime.

Polkadot open interests — Source: Coinglass

Funding rate shift adds to bullish case

Another key signal here is the funding rate. At press time, Polkadot’s weighted funding rate had turned slightly positive. In fact, it sat just above equilibrium at 0.0077%.

Such a shift usually alludes to improving sentiment. In this particular case, it meant that traders might be willing to pay a premium to hold long positions. This often happens during early stages of bullish expansion.

As a result, the current setup might present a window for accumulation for traders and investors who are willing to bag more orders.

Momentum builds near resistance

Finally, on the daily chart, the token’s price action seemed to be approaching a critical phase. The strong supply zone at around $1.60-level might act as the next price barrier for market’s opportunistic bulls.

Historically, such zones attract selling pressure. Therefore, a breakout will require sustained buyer strength.

Momentum is already building too. However, continuation will depend on whether buyers maintain dominance or not.

A successful break above this level could open the door to higher liquidity zones.

Polkadot price analysis — Source: TradingView

What is ahead for Polkadot?

Put simply, the altcoin’s market structure has been turning constructive. Buyer dominance is rising, Open Interest is expanding and Polkadot’s funding sentiment also flipped positive.

If these factors persist, DOT could attempt a breakout. Failure to sustain pressure, however, may lead to a short-term rejection.

Final Summary

Polkadot’s price tested the $1.60 resistance as long positions doubled shorts in the market.
Open interest jumped by $10M while funding turned positive, signaling growing bullish sentiment and a potential accumulation phase.