#DOT_UPDATE Polkadot’s $DOT surges 4% after falling three times to find support at $3.47,

Polkadot’s cryptocurrency $DOT has surged 4% after falling three times to find strong support at the $3.47 support level,

According to CoinDesk’s technical analysis, $DOT has shown a good recovery back to this support after falling 3.67% from $3.596 to $3.464,

DOT also saw a significant increase in volume during this rise, indicating a positive trend in the market,

The analytical model also indicated that a bullish reversal pattern has been formed with successive higher lows, which reinforces the expectation of further price increases in the future,

DOT’s price has crossed multiple resistance levels and reached a peak of $3.559 around 12:09 p.m. If it breaks the $3.57 resistance level, If so, it is likely to continue its upward trend,

Technical analysis also shows that DOT price has seen a V-shaped recovery since 11:43, during which volume increased by more than 34,000 units,

DOT price is currently stable at around $3.57, down 0.5%, while the CoinDesk 20 Index, which tracks the crypto market, is looking strong with an increase of around 1.2%.

This pause indicates that DOT has successfully overcome a strong support level and the presence of a bullish reversal pattern indicates further price increases in the near future,

However, investors should pay special attention to the resistance level of $3.57 as its successful breakthrough could lead to further price increases....