Polkadot’s DOT Jumps 4% as Bullish Signals Point to Further Gains
20 June 2025
Polkadot’s DOT token surged 4% after dipping 3.67% to a low of $3.464, where it found firm support, according to technical analysis from CoinDesk Research. The rebound was backed by strong trading volumes, suggesting growing investor confidence.
CoinDesk’s technical model indicates a bullish reversal pattern is forming, marked by higher lows since DOT’s recent bottom—a setup that often hints at additional upside ahead.
At last check, DOT was trading slightly lower on the day, down 0.5% over 24 hours at around $3.57. Meanwhile, the broader crypto market, tracked by the CoinDesk 20 Index, was up 1.2% at the time of publication.
Technical Overview
- DOT declined 3.67%, falling from $3.596 to $3.464 before bouncing off support.
- Trading volume spiked above 2.5 million units around the $3.47 level, significantly exceeding the 24-hour average.
- A bullish reversal pattern has emerged, featuring consecutive higher lows.
- A sharp V-shaped recovery began at 11:43, with volume swelling to over 34,000 units by 11:45.
- The price broke through several resistance levels, peaking at $3.559 by 12:09.
- A continued rally is possible if DOT can push past resistance at $3.57.
Technical signals suggest Polkadot’s DOT could extend its gains, provided it can overcome nearby resistance levels in the sessions ahead.
