TLDR:
- Nova Wallet users in Europe can now spend Polkadot tokens (DOT) via Mastercard-linked crypto debit cards.
- DOT broke a descending trendline, suggesting a shift from bearish to bullish sentiment.
- Price targets range from $7.58 to $9.27 if support holds and volume continues to build.
- Technical patterns indicate consolidation near support zones, often a precursor to breakouts.
Polkadot’s ecosystem continues expanding with practical Web3 solutions as technical indicators suggest potential price momentum ahead.
The blockchain network recently launched crypto debit cards through Nova Wallet, while market analysts identify key support levels that could trigger significant upward movement. These developments highlight Polkadot’s dual focus on mainstream adoption and market positioning.
Users can now spend DOT tokens directly through traditional payment systems. Technical analysis reveals consolidation patterns that historically precede major breakouts.
Nova Wallet Launches DOT Debit Cards for European Users
Nova Wallet introduced Polkadot debit cards through a partnership with Mercuryo, enabling users to spend DOT tokens anywhere Mastercard operates.
The feature arrived with Nova Wallet version 10 and currently serves European Economic Area residents exclusively. Users must complete KYC verification and meet the age requirements of 18 years or older to access the service.
POLKADOT DEBIT CARDS JUST LANDED!
Nova x Mercuryo bring you a crypto debit card in Nova Wallet v10.
Top it up with DOT and spend anywhere Mastercard is accepted — online, in-store, on the go!
Currently available in the EEA.
Get your card now: https://t.co/EpODpz6s7Y pic.twitter.com/LeV5S5e3Hh
— Nova Wallet (@NovaWalletApp) June 3, 2025
The card system converts DOT holdings to EUR automatically when users make purchases online, in physical stores, or during travel. This integration represents a significant bridge between decentralized finance and traditional payment systems.
Nova Wallet’s announcement emphasized the convenience of spending crypto assets without complex conversion processes.
Cryptocurrency trader Lucky shared analysis indicating DOT price movement within a descending channel pattern over recent months.
The token currently trades around the $4.17 level after breaking above a key trendline in late May. This breakout suggests shifting market sentiment from bearish to potentially bullish territory.
The chart analysis identifies strong support zones where the DOT price has repeatedly bounced higher. These support levels often serve as launching points for upward moves when combined with increased trading momentum.
$DOT is trading sideways, but honestly this will blow up big time.
Just a little momentum needed here.
NFA. pic.twitter.com/yzfEXznoEa
— Lucky (@LLuciano_BTC) June 4, 2025
Lucky noted that DOT requires minimal catalyst events to trigger substantial price appreciation.
Market Projections Target Higher Polkadot Price Levels
Technical projections suggest DOT could reach $7.58 if current support levels hold and buying momentum increases.
Additional targets near $9.27 appear achievable should the token break through immediate resistance around $4.50. These projections depend on sustained volume and continued accumulation near current price ranges.
The descending channel pattern typically resolves with upward breakouts when assets reach strong support zones.
DOT’s recent trendline break, combined with consolidation behavior, indicates preparation for potential explosive movement. Market participants appear to be accumulating positions at current levels.
According to CoinGecko data, Polkadot trades at $4.10 with a 24-hour volume reaching $171,638,218. The token declined 1.00% in the past day and dropped 10.80% over the previous week.
Despite short-term volatility, technical indicators suggest underlying strength is building at these price levels.
The post Polkadot Launches DOT Debit Cards in Europe as Price Eyes Breakout appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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