Dot is at the bottom of its ascending channel.

RSI also shows a divergence, which is a good sign.
I think $55 is a reasonable target for Polkadot and if it breaks with a good volume, we will see a price discovery around $70.

But these targets need two prerequisites:
1. Bitcoin must be bullish or stable.
2. Dot needs to maintain its uptrend to break the $48 ~ $50 resistance.