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Cryptocurrency News Articles

Polkadot (DOT) Price Holds the Line as Bulls Eye Major DOT Price Reversal

Feb 06, 2025 at 01:30 am

Polkadot is showing market resilience, with price action indicating potential momentum. After touching the $4.81 support level, the token demonstrated strength by forming a higher low on February 3rd—a technical indicator that suggests investors might be accumulating the asset.

Polkadot (DOT) Price Holds the Line as Bulls Eye Major DOT Price Reversal

Polkadot (DOT) price has been closely watched by traders and investors alike, especially within the context of a broader market sell-off since peaking in 2021. As part of a 2025 bullish thesis, DOT must display strength in the coming days, according to InvestingHaven.

A breakout above resistance would confirm a trend reversal and establish a bullish trajectory. As highlighted in the chart by InvestingHaven, DOT has been in a prolonged downtrend, consistently forming lower highs and lows.

However, recent price action shows signs of bottoming out, with the $4.81–$7.57 range acting as a critical support zone.

DOT tested support but set a higher low on Feb 3, a promising sign. For the 2025 bullish outlook to hold, #DOT needs to show strength this week.

A breakout above resistance would confirm momentum.

At the time of writing, DOT is trading at $4.83, up 0.70% on the day but down 14.44% over the past week, according to CoinGecko. The next major resistance level lies at $10, which DOT must reclaim to establish a strong bullish structure.

Beyond this, the 2025 target range of $14.11–$23.45 aligns with Fibonacci retracement levels and historical resistance points. If DOT maintains its upward momentum, the next upside targets could be $23.45 and potentially $36.36 in an extended bull run.

Polkadadot Price Trend Analysis: Higher Low, Accumulation Phase?

In the short term, DOT’s recent higher low on February 3 hints at possible accumulation. This formation often precedes a trend reversal, though confirmation is required through a sustained breakout above resistance.

Volume remains moderate, indicating buying interest, but a substantial increase would strengthen the bullish case. From a macro perspective, DOT remains in a bearish structure.

However, if the support range of $4.81–$7.57 holds, the asset could transition into an accumulation phase before a potential breakout. Losing this support would invalidate the bullish outlook and expose DOT to further downside risk.

DOT’s Potential Price Outcome: A Bullish Shift or Bearish Continuation?

For a bullish reversal, DOT must hold its current support and reclaim $7.57. A break above $10 would confirm the shift in momentum, targeting the $14.11–$23.45 range in 2025. If DOT surpasses $23.45, higher Fibonacci levels could come into play, with $36.36 being a long-term possibility.

On the bearish side, failure to hold $4.81 could lead to a retest of the $4 region, undermining bullish expectations. Additionally, if DOT struggles to reclaim $7.57 and $10, it may remain in consolidation or continue downward.

Polkadot’s ability to maintain its higher low and key support zone will determine its trajectory in the coming weeks. Breaking through the $10 resistance remains critical for confirming a long-term bullish outlook, while a drop below $4.81 could signal further downside risks.

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