 The crypto market is moving sideways on the first day of the last month of the year, but Polkadot, DOT, shows a completely different picture, increasing by 4% to $5.40. Polkadot cumulatively gained 24% in the last 30 days, a feat achieved due to the developments within the network including the strategic partnership to advance real-world assets, RWA's adoption on-chain. After a few weeks of consolidating and searching for higher support, Polkadot broke above the first descending trend line at $5.33. The momentum extended the rally to $5.51, but the stalled shortly after. Drawing a trend line to connect the latest highs in November's top at $5.87, shines a light on the growing resistance which could compel more traders to close their long positions and lock in the gains. On the bright side, Polkadot could bounce off the first trend line and make a stronger approach to the next resistance zone between $5.80 and $6. The 50-day exponential moving average, EMA, red, holding slightly below the trend line may help to mitigate the downside but it is too early to rule out a possible drop to $5. A short-term bearish outlook is building based on the moving average convergence divergence, MAC-ED indicator. The sell signal will manifest with the blue MAC-D crossing below the red signal line. It is worth mentioning that an extended correction is unlikely considering the generally bullish crypto market. Besides, investors are looking forward to a Santa rally likely before or after Christmas. Historical data shows that the crypto market has a higher tendency to rally in December and January than lose traction. That said, a successful retest of the first trend line support which coincides with the 50 EMA could boost DOT's recovery to $6, a move likely to eventually push for highs above $10. The Web3 Foundation known for supporting the development of the Polkadot ecosystem has announced the intention to tokenize a section of its treasury into real-world assets, RWAs, in collaboration with Centrifuge, a platform for advancing on-chain finance. According to a blog post published by Centrifuge, the Web3 Foundation will kickstart this process with an investment worth $1 million. This decision comes as part of the organization's mission to support the development of Web3 projects. With this collaboration between Centrifuge and Web3 Foundation, the stage is set for significant growth and innovation for real-world assets using Polkadot's infrastructure and technology, Lukas Vogelsang, co-founder of Centrifuge, said. Tokenized real-world assets are a fast-growing sector of the crypto economy, especially on networks like Chainlink and MakerDAO. It is projected that the sector will be worth $16 trillion by 2030 and Polkadot is likely to be a significant player. In early November 2023, British Bank HSBC also announced its latest blockchain endeavor in partnership with a Ripple-owned firm Metico to service institutional clients with demand for real-world assets hosted on a blockchain. According to the Boston Consulting Group, the total size of illiquid asset tokenization globally is expected to hit the $16 trillion mark by 2030 given that a large chunk of the world's wealth today is locked in illiquid assets. The daily RSI line rises with the ongoing recovery to surpass the 14-day SMA and the halfway line. With the momentum indicator approaching the overbought boundary, the bullish scale remains stronger. With the altcoins ready to skyrocket and end 2023 at a stellar level, the DOT price exits the bearish road and takes the bullish highway. With the ongoing breakout rally and bullish preparations to prolong the uptrend, Polkadot's price may soon reach $1.08 if it manages to surpass the $7.02 level. For cautious traders, the breakout of the $6.10 resistance level will signal an entry opportunity. If the DOT price overcomes the $5.50 supply zone, the altcoin price may shoot higher to $6. On the opposite end, a downtrend will challenge the 200D EMA or the $5 mark. Thanks for watching. Please subscribe to support the channel and never miss any update. How high do you think DOT's price will go? Share your thoughts in the comments.