TLDR:DOT holds $3 support, forming a crucial accumulation zone for bullsAnalyst eyes $9.24 and $16.67 as first breakout targets.$30 and $40 remain long-term targets if reversal confirms.Close below $3 would invalidate the bullish setup.Polkadot is holding a crucial line. Price action around $3 to $4 has become a battleground between buyers and sellers. A multi-year trendline has flipped into support, giving bulls a reason to stay put. Traders say this zone could mark a major turning point. If it holds, the next move may stretch far beyond the current range.A Key DOT Price Zone Under PressureCrypto analyst Crypto Patel pointed to the $3 to $4 range as a major accumulation area. At $4.02, DOT sits right inside it. This level lines up with a trendline that price broke earlier this year, a move Patel sees as the start of a bigger shift.Polkadot Looks Ready to Explode — $3 Might Be the Bottom, and $30+ Could Be Next$DOT is consolidating in the $4–$3 Accumulation Zone, right at the retest of a multi-year trendline breakout. IMO: Best accumulation range = $4.00–$3.00 Holding this zone could trigger a… pic.twitter.com/ddTlB2TGov— Crypto Patel (@CryptoPatel) July 29, 2025Multiple retests around this range give it weight. Price keeps bouncing here, building a case for a base. A breakdown below $3, though, would force a serious rethink.Patel’s chart shows DOT pulling back after a breakout and now retesting the same trendline. In technical terms, that’s where many reversals begin. If buyers hold the line, the first hurdles sit at $9.24 and $16.67.The larger picture stretches further. Patel marks $40.85 as the ultimate barrier from the last cycle’s highs. He also calls $30 a realistic target if this zone triggers a macro reversal.Current Polkadot Price and Market ActionAccording to CoinGecko, Polkadot trades at $4.02 with a 24-hour volume of $320 million. It’s down 4.24% today and 8.73% this week. Traders see this dip as part of the consolidation, not a collapse.Polkadot price on CoinGeckoIf price holds steady, upside pressure could build fast. That’s why many eyes remain locked on this level.The $3 zone is the line in the sand. It’s clear, simple, and easy to track. If it holds, the move from here could reshape the chart for months.If it fails, the bullish case breaks apart. Patel notes that a close under $3 invalidates his setup and opens the door to more downside. For now, Polkadot sits right at the edge. Support is there. Buyers just need to keep it that way. The post Polkadot (DOT) Price Looks Ready to Explode as $3 Support Holds appeared first on Blockonomi.