DOT Rallies 4% as Polkadot Finds Strong Support at $3.47 Triple Bottom

Polkadot’s DOT Rallies 4% as Bullish Pattern Hints at More Gains Ahead

20 June 2025

Polkadot’s native token, DOT, rebounded with a 4% rise after sliding 3.67% to a low of $3.464, where it found strong buying support, according to technical analysis from CoinDesk Research. The recovery was fueled by elevated trading volumes, signaling renewed bullish sentiment.

CoinDesk’s analysis highlights a bullish reversal pattern emerging in DOT’s price chart, characterized by a series of higher lows since the recent bottom—a formation that often points to further upward potential.

In recent trading, DOT was modestly lower, down 0.5% over the past 24 hours, hovering around $3.57. Meanwhile, the broader crypto market, as tracked by the CoinDesk 20 Index, was up 1.2% at the time of publication.

Key Technical Insights

DOT fell 3.67%, dropping from $3.596 to $3.464 before bouncing off support levels.
Trading volume surged beyond 2.5 million units around the $3.47 mark, significantly exceeding the 24-hour average.
A bullish reversal pattern has developed, marked by successive higher lows.
A sharp V-shaped recovery began at 11:43, with volume spiking to over 34,000 units by 11:45.
DOT broke multiple resistance levels, reaching a session high of $3.559 at 12:09.
Further gains could materialize if DOT manages to clear resistance at $3.57.

With technical indicators leaning bullish, Polkadot’s DOT may continue its upward trajectory if it successfully pushes past near-term resistance levels.