Polkadot
The bullish impulse has potentially returned, after the Token resumed an important support level at $ 3.96, according to the technical analysis model of Coindesk Research.
DOT experienced a 7% correction of $ 4,038 to a minimum of $ 3,753 before establishing a “strong support” and rebounds strongly, according to the model.
The Token is currently 1.3% lower, quoting around $ 3.97.
The broader market meter, Coindesk 20 The index was 0.8% lower at the time of publication, also recovering from a lower acute movement in the middle of a fight between President Donald Trump and Elon Musk.
TECHNICAL ANALYSIS:
- Dot-UDD experienced a 7.06% correction of $ 4,038 to a minimum of $ 3,753 before establishing strong support.
- The price formed an ascending channel after correction, recovering the level of $ 3.95 with a growing purchase pressure.
- Significant volume of more than 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period.
- Key resistance established in an area of $ 3.98- $ 4.00 with immediate support at $ 3.95.
- Higher pattern formed after a brief setback, confirming a bullish impulse
- Psychological level of $ 3.96 defended successfully, reinforcing the recovery narrative.
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