Polkadot (DOT) Technical Outlook – Strong Rebound as Buyers Defend Multi-Month Support

Polkadot (DOT) has posted a sharp recovery after finding solid support near the $2.34 zone (Fibonacci 0 level), rebounding by over 35% in just a few sessions. The token is now trading around $3.25, reclaiming the 0.236 Fib level ($3.06) and showing signs of renewed bullish momentum.

The next major resistance lies at $3.31–$3.58, aligning with the 20 EMA ($2.98) and 50 EMA ($3.31) cluster. A breakout above $3.58 (0.382 Fib) could open the path toward $3.87 (0.5 Fib) and $4.20 (0.618 Fib) — critical levels that would confirm a short-term trend reversal.

On the downside, $3.00 has turned into the immediate support level, followed by $2.60 and the $2.34 base, which has acted as a strong long-term floor since early 2023.

The RSI (54.7) has surged above the neutral zone, signaling improving momentum and growing buyer confidence after months of sideways movement.

📊 Summary:

Trend: Bullish recovery in progress

Support: $3.00 / $2.60 / $2.34

Resistance: $3.58 / $3.87 / $4.20

Outlook: Sustained strength above $3.30 could confirm a medium-term trend reversal, targeting $3.80–$4.20 next.

$DOT
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