Polkadot has posted a 3.69% bounce off high-timeframe support, indicating the early stages of a potential bottoming structure. Technical signals now point to a bullish continuation, provided key support holds in the coming sessions.
Summary
- DOT has reclaimed key support at $3.75 and is testing for a higher low formation.
- Volume inflows support the bounce, suggesting demand at recent lows.
- Reclaiming the point of control could trigger a move toward $5 and resume the bullish trend.
After rejecting from higher levels, Polkadot (DOT) has found strong demand at major high-timeframe support, triggering a short-term rally. Price action has since reclaimed the value area low and flipped previous resistance at $3.75 into support. This level is now being retested, and holding it will be critical in confirming a higher low and sustaining bullish momentum.
Key technical points:
- Support Held at High Timeframe Level: Reclaim of value area low and $3.75 support signals early reversal.
- Potential Higher Low Forming: A confirmed retest at $3.75 could lead to a move toward $5.
- Volume Inflows Present: Volume profile shows demand is supporting the current structure.
Polkadot’s recent bounce from high-timeframe support has opened the possibility for a structural bottom to form. Price has already reclaimed the value area low and rotated back above previously broken resistance at $3.75. This level is now acting as a base for a potential higher low, which would further confirm a bullish continuation if defended over the coming days.
The current consolidation above $3.75 is the first major sign of demand at this critical price zone. Technical strength will be validated if multiple candle closes are seen above this level, confirming that bulls are successfully absorbing supply. Should this occur, the next key area to watch will be the point of control. A reclaim of the point of control would represent a strong structural win for buyers, opening the door for an accelerated move toward the $5 resistance level and beyond.
The market structure remains bullish despite the recent corrective move. This pullback appears healthy and is likely to develop into a higher low within the broader uptrend. From a trend continuation perspective, this setup remains favorable for long positioning, especially if support holds and the point of control is reclaimed in the near term.
Additionally, volume behavior adds weight to the bullish case. Inflows have accompanied the recent bounce, suggesting active participation from buyers. As long as these volume patterns persist, they are likely to support price action in pushing toward higher targets in the coming weeks and months.
What to expect in the coming price action
DOT is currently retesting the $3.75 support after a strong bounce. Holding this level will confirm a higher low and keep the bullish trend intact. A reclaim of the point of control could accelerate the move toward $5 and signal the continuation of the broader uptrend.
