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Polkadot’s DOT Climbs 4% as Bullish Reversal Pattern Signals Further Upside
20 June 2025
Polkadot’s DOT token bounced back with a 4% gain after dipping 3.67% to a low of $3.464, where it found solid support, according to technical analysis from CoinDesk Research. The rebound was accompanied by strong trading volumes, hinting at renewed buying interest.
A bullish reversal pattern has taken shape, marked by a series of higher lows since the recent bottom—a formation that suggests further upside potential, CoinDesk’s model indicated.
As of the latest trading session, DOT was down 0.5% over the past 24 hours, trading near $3.57. Meanwhile, the broader market, tracked by the CoinDesk 20 Index, was up 1.2% at the time of publication.
Technical Highlights
- DOT dropped 3.67% from $3.596 to $3.464 before securing strong support.
- Trading volume surged above 2.5 million units around the $3.47 support level, exceeding the 24-hour average.
- A bullish reversal pattern has formed, featuring consecutive higher lows.
- A sharp V-shaped recovery began at 11:43, with volume spiking to over 34,000 units by 11:45.
- Prices broke through several resistance levels, peaking at $3.559 by 12:09.
- A continued move higher remains possible if DOT can clear resistance at $3.57.
The technical signals suggest Polkadot’s DOT may maintain upward momentum if it successfully breaches key resistance levels in the sessions ahead.
