Polkadot (DOT) Rebounds After Pullback, Bullish Momentum May Be Rebuilding
Polkadot’s DOT token appears to be regaining its footing following a brief correction, with technical indicators signaling a potential shift back toward bullish territory.
According to CoinDesk Research’s technical analysis model, DOT fell roughly 7%, sliding from $4.038 to a low of $3.753, before finding firm support. The quick rebound from that level has since formed a “higher low” pattern — a classic technical signal that bullish momentum may be returning.
The recovery was marked by a decisive move back above the key support zone at $3.96, a level analysts view as pivotal for trend continuation. The model notes this price action suggests renewed buyer confidence and a possible re-test of prior highs if current support holds.
Technical Overview:
- Correction: –7% from $4.038 to $3.753
- Support Level: Strong buying emerged near $3.75
- Recovery: Reclaimed $3.96 support
- Pattern Formed: “Higher low” structure — bullish continuation signal
DOT is currently trading around $3.61, with market participants watching closely for follow-through that could confirm a trend reversal. Should momentum hold, Polkadot may be poised for a retest of the $4.00 level and beyond.
