Polkadot's DOT Bounces 4% After Forming Triple Bottom at $3.47 Support Level

A bullish reversal signifier has formed with consecutive higher lows since the bottom, suggesting further imaginable upside.

Jun 20, 2025, 1:43 p.m.

DOT rebounded, gaining 4%, aft dropping 3.67% to $3.464, wherever it recovered beardown support, according to CoinDesk Research's method investigation model. The determination higher was connected beardown volume, the exemplary showed.

A bullish reversal signifier has formed with consecutive higher lows since the bottom, which suggests further imaginable upside, according to the model.

In caller trading, DOT was 0.5% little implicit 24 hours astatine astir $3.57. The broader marketplace gauge, the CoinDesk 20, was 1.2% higher astatine work time.

Technical Analysis:

• DOT experienced a 3.67% correction from $3.596 to $3.464 earlier uncovering beardown support.
• Volume exceeded 2.5M units astatine the $3.47 enactment level, importantly supra the 24-hour average.
• A bullish reversal signifier formed with consecutive higher lows since the bottom.
• V-shaped betterment signifier emerged starting astatine 11:43, with measurement expanding to implicit 34,000 units during the 11:45 timeframe.
• Price broke done aggregate absorption levels, reaching a highest of $3.559 astatine 12:09.
• Potential continuation of upward momentum if the $3.57 absorption tin beryllium cleared.

Disclaimer: Portions of this nonfiction were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial squad for accuracy and adherence to our standards. For much information, spot CoinDesk’s afloat AI Policy.

Will Canny