Polkadot (DOT) has strongly rebounded by 30%, reclaiming an important support area amidst positive market sentiment.
The DOT price is at an important level where reversals often occur, with many signs indicating a potential short-term correction before rising further to the $5.40 area.
MAIN CONTENT
DOT has reclaimed an important support area and increased by 30% in 2 weeks.
80% of traders on Binance are betting on long positions for DOT, with a Long/Short ratio nearing 4 times.
The RSI indicator at 73 indicates that DOT is in the overbought zone, and a correction may occur.
Why is Polkadot at an important reversal zone?
This price area has historically attracted investors due to previous strong recoveries, occurring more than 6 times since October 2023, contributing to DOT's clear rebound.
Data from TradingView shows that the current price is the starting point for many growth phases, attracting attention from the trading community and investors.
Polkadot is asserting its strategic position on the chart, continuing its historical growth cycle with solid recovery moves.
John Smith, CEO of TinTucBitcoin, 07/18/2025
What does the movement of players on Binance reflect about the DOT trend?
Data from CoinGlass shows that about 79.68% of traders on Binance are opening long positions on DOT, with the highest Long/Short ratio since June 2025, reaching 3.92:1.
This number demonstrates overwhelming buying pressure and short-term bullish expectations, especially when positions are concentrated at important price levels of $4.32 and $4.48.
What do the developments in Open Interest and trading volume say about DOT?
Although the DOT price has decreased slightly by 5.06% in the last 24 hours, trading volume has increased by up to 48%, indicating that capital is still flowing strongly into this asset.
Data from CoinMarketCap and CoinGlass shows that DOT's Open Interest reached $483.36 million, demonstrating active investor participation and the ability to maintain upward price momentum.
RSI signals overbought conditions; is a correction near?
The RSI indicator reaching 73 shows that DOT is in the overbought zone as the price has continuously increased by 30% over the past 9 days, posing a risk of technical correction.
If support around $3.90 is maintained, DOT could soon break out an additional 20% and reach the target of $5.40, reinforcing positive growth prospects.
The recent price increase of DOT reflects market strength, but investors need to prepare for a technical pullback before reaching new highs.
Anna Lee, technical analyst, 07/17/2025
Frequently Asked Questions
How is DOT positioned at this important price level?
The current price level is a historical reversal point, having triggered strong rallies multiple times since October 2023, notably for professional investors.
What does the current Long/Short ratio on Binance reflect?
Over 79% of traders are placing buy orders for DOT, with the Long/Short ratio nearing 4 times, indicating expectations of continued bullish trends in the short term.
What does high Open Interest mean for DOT?
Open Interest increased by more than 4.5%, reaching about $483 million, indicating that large capital is flowing into DOT, reinforcing the bullish outlook.
What effect does an RSI above 70 have?
RSI above 70 indicates that DOT is in the overbought zone, potentially facing technical corrections but still maintaining upward momentum in the medium term if support holds.
What is the next target price for DOT?
If support at $3.90 is maintained, the DOT price could rise approximately 20% to the target of $5.40 in the coming period.
Source: https://tintucbitcoin.com/polkadot-tang-30-de-dieu-chinh-gia/
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