CoinDesk 2025-06-06 16:20:48

Polkadot's DOT Retakes Important $3.96 Level as Buyers Step In After Pullback

Polkadot DOT bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research's technical analysis model. DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing "strong support" and rebounding strongly, according to the model. The token is currently 1.3% lower, trading around $3.97. The broader market gauge, CoinDesk 20 CD20 index, was 0.8% lower at publication time, also recovering from a sharp move lower amid a tussle between President Donald Trump and Elon Musk. Technical analysis highlights: DOT-USD experienced a 7.06% correction from $4.038 to a low of $3.753 before establishing strong support. Price formed an ascending channel after the correction, reclaiming the $3.95 level with increasing buying pressure. Significant volume spike of over 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period. Key resistance established at $3.98-$4.00 zone with immediate support at $3.95. Higher low pattern formed after brief pullback, confirming bullish momentum Psychological $3.96 level successfully defended, reinforcing recovery narrative. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .