The daily chart remains weak, while the 4-hour chart shows signs of recovery.
DOT Rebound is possible toward $3.53 if buyers reclaim momentum.
Polkadot (DOT) price has remained under intense pressure after breaking below the key $3 support level.
The move has intensified bearish momentum on both the daily and 4-hour charts.
Therefore, the market now faces a critical phase where sellers control the trend, and buyers struggle to regain structure.
Polkadot Daily Chart Analysis
On the daily timeframe, Polkadot’s price recently slipped below a long-term support zone around $2.50. As seen below, it is confined in a descending triangle
This breakdown confirms a continuation of the bearish trend that has been in place for months.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Moreover, the price now trades above the horizontal support. This position suggests that DOT’s price may end its correction after failing to breach the resistance levels at $3.26 and $4.19 earlier.
Additionally, the RSI has bounced daily from oversold territory. However, it is still below the neutral line.
Thus, buyers lack strength. Until the RSI forms bullish divergence and rises above the signal line, the likelihood of a sustained reversal toward $4 remains low.
Furthermore, the next major support lies near $2.51, a level last tested many months ago. Therefore, DOT bulls need to defend this level so that it can quickly reclaim $3.00.
A daily candle closing above $2.80 would strengthen this bullish outlook.
However, a daily close below the horizontal support could derail recovery.
DOT Price Targets Reversal
On the 4-hour chart, Polkadot’s price exhibits a clear bullish trend, characterized by a distinct pattern.
Previously, it had formed lower highs and lower lows, which continued to create. Even worse, every short-term bounce faces rejection around the $2.95 and $3.00 region.
However, as it stands, DOT’s price has broken above the upper trendline of the descending channel.
Momentum indicators also confirm this strength. The 4-hour Moving Average Convergence Divergence (MACD) has formed a bullish crossover.
Additionally, the histogram from the Awesome Oscillator (AO) displays green bars, expanding bullish bias.
This suggests sellers are no longer in control. While there are still signs of downward pressure, the current structure offers a silver lining.
A closer look at the price action shows decreasing volume on recent declines.
This signals seller exhaustion. As it stands, DOT’s price has formed a double-bottom pattern, ranging from $2.62 to $2.80, and a short-term relief rally could follow.
Altogether, Polkadot’s fall below $3.00 shifted short- and medium-term sentiment to the downside.
However, the 4-hour chart highlights structural strength, while the daily chart shows mixed signals.
Therefore, Polkadot’s price may soon test higher resistance levels, possibly reaching $3.07 at the 0.618 Fibonacci retracement ratio.
In a highly bullish scenario, it could hit $3.53. However, traders should watch for any bearish divergence. Such signals could mark the beginning of a correction.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
