$DOT After finding support at the level of $3.47 by dropping below it three times, Polkadot's DOT increased by 4%.
The cryptocurrency DOT of Polkadot has risen by 4% after finding strong support at the support level of $3.47 by dropping below it three times.
CoinDesk
According to technical analysis, DOT has shown a significant recovery at this support after a decrease of 3.67% from $3.596 to $3.464.
During this increase, a significant rise in volume was also observed, indicating a positive market trend.
The analytical model also indicated that a bullish reversal pattern has been established, showing consistently rising low points, which reinforces the expectation of further price increases in the future.
DOT
The price reached a peak of $3.559 around 12:09 after crossing multiple resistance levels; if it surpasses the resistance level of $3.57, it may continue its upward trend.
Technical analysis also indicates that DOT's price experienced a V-shaped recovery from 11:43, during which the volume increased by over 34,000 units.
Currently, DOT's price is stable at approximately $3.57 with a decrease of 0.5%, while the CoinDesk 20 index, which reviews the overall crypto market, appears strong with an increase of about 1.2%.
This pause indicates that DOT has successfully gained control at a strong support level, and the presence of a bullish reversal pattern suggests further price increases in the near future.
However, investors should pay special attention to the resistance level of $3.57, as a successful breakthrough could lead to further price increases....
