Polkadot
Bullish Momentum has potentially returned after the token re -entered an important level of support of $ 3.96, according to Coindesk Research’s technical analysis model.
Dot experienced a 7% correction from $ 4,038 to a low level of $ 3,753 before establishing “strong support” and rebounding strongly, according to the model.
The token is currently 1.3% lower and trades with about $ 3.97.
The wider market meter, Coindesk 20 Index, was 0.8% lower at the time of announcement, and also recovered from a sharp move lower in the midst of a battle between President Donald Trump and Elon Musk.
Technical Analysis Highlights:
- DOT-USD experienced a correction of 7.06% from $ 4,038 to a low level of $ 3,753 before establishing strong support.
- The price formed an increasing channel after the correction and regains the $ 3.95 level with increasing purchase pressure.
- Significant volume pike of over 5.9 million in the correction phase, followed by 1.7 million volume during the recovery period.
- Key resistance established at $ 3.98- $ 4.00 zone with immediate support for $ 3.95.
- Higher low pattern formed after short withdrawal, confirming the bullish momentum
- Psychological $ 3.96 level successfully defended, reinforcing recovery narrative.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
