Polkadot (DOT) is nearing the $5 resistance level, driven by positive technical indicators and ecosystem upgrades. The cryptocurrency is trading above its 20-week moving average, with a bullish Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggesting potential for an upward breakout. Analysts, including Michael van de Poppe, highlight that a weekly close above $5 could signal a sustained uptrend. Institutional interest and ongoing improvements within the Polkadot ecosystem are bolstering long-term confidence in the asset. These factors contribute to the growing anticipation of a breakout, as the market closely watches for a decisive move above the key resistance level.