Triple Bottom at $3.47 Sparks 4% Recovery in Polkadot’s DOT Price

DOT Rebounds 4% Off Support as Bullish Reversal Pattern Gains Strength

20 June 2025

Polkadot’s DOT token rallied 4% after briefly dipping 3.67% to $3.464, where it found strong support, according to technical indicators from CoinDesk Research. The rebound was fueled by a surge in volume, pointing to renewed buying interest and growing confidence in a potential trend reversal.

Analysts note that DOT has been forming a bullish reversal structure, with a series of higher lows since bottoming out—typically a signal of further upside in the near term.

At the time of reporting, DOT was trading near $3.57, down 0.5% over the last 24 hours. In comparison, the broader crypto market, as reflected by the CoinDesk 20 Index, was up 1.2%.

Key Technical Developments

• DOT declined from $3.596 to $3.464, a 3.67% drop, before bouncing off support.
• Trading volume at the $3.47 level spiked to over 2.5 million units—well above the daily average.
• A bullish reversal pattern has emerged, with consistent higher lows following the recent bottom.
• A sharp V-shaped recovery started at 11:43, accompanied by a volume burst of over 34,000 units at 11:45.
• Price action broke through key resistance levels, hitting a high of $3.559 by 12:09.
• A sustained breakout is likely if DOT can decisively clear the $3.57 resistance zone.

The technical outlook suggests momentum could build further if bulls manage to reclaim higher ground, potentially setting the stage for a broader upward move in the coming sessions.