Polkadot’s native token DOT is showing signs of a bullish reversal after bouncing off a critical support level at $3.47, gaining 4% in the process. The price action has formed a triple bottom pattern, supported by rising trading volumes and consecutive higher lows, indicating strong buyer interest at current levels.
Triple Bottom Pattern Signals Reversal
The DOT price had recently corrected by 3.67%, falling from $3.596 to a session low of $3.464. However, this decline was short-lived, as buyers stepped in at the $3.47 level — a major support zone that has now held firm for the third time, confirming a triple bottom formation.
This is a classic bullish reversal signal, often followed by a breakout once resistance levels are cleared.
Volume surged above 2.5 million units at the $3.47 level, significantly higher than the 24-hour average — indicating strong accumulation.
V-Shaped Recovery and Key Resistance Levels
DOT began a V-shaped recovery around 11:43, with a surge in momentum. Notably, volume spiked to over 34,000 units within two minutes, helping push the price past short-term resistance levels. By 12:09, the token had peaked at $3.559, breaking key intraday barriers.
DOT is currently trading near $3.57, slightly below immediate resistance. If it manages to clear this level with sustained volume, the next upside target could lie between $3.65–$3.70.
Consecutive higher lows since the $3.464 bottom add confirmation to this bullish momentum.
Broader Market Context Supports Upside
While DOT’s daily gain has slightly cooled to 0.5% over 24 hours, its structure remains bullish. The broader crypto market, as measured by the CoinDesk 20 index, is up 1.2%, providing macro-level support for continued upside in altcoins.
The triple bottom and rising volume both point to the potential for further gains if current momentum holds. Traders are watching closely for a clean break above $3.57 to validate the next leg higher.
Conclusion
Polkadot is showing technical strength after defending its $3.47 support for the third time. The triple bottom pattern, volume-backed recovery, and higher lows all suggest that DOT may be poised for a bullish breakout — provided resistance at $3.57 is convincingly breached.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.