Polkadot Key technical points:

Polkadot Key technical points:

• Fibonacci Rejection: DOT was rejected from a key retracement level, triggering the current pullback
• Key Support at $3.75: Former resistance flipped into support; aligns with the value area low
• Upside Potential: Break and hold above local high opens the door for a move to $5 and potentially $7.67.
• From a technical perspective, this correction is considered both healthy and necessary, especially after the sharp upward move that saw DOT reclaim key levels. Pullbacks of this nature often serve to reset momentum indicators and create new demand zones.

As long as the price holds above the $3.75 region, DOT maintains a bullish structure. A bounce from this level could lead to a higher low formation, a key ingredient in sustaining an uptrend. If confirmed, price may target the local high near $5 and, eventually, the value area high at $7.67, a level that has historically capped upward moves in this trading range.