Breaking news from the crypto market — Polkadot, trading as $DOT /USDT, is showing early signs of a potential trend reversal on the daily chart after weeks of bearish pressure.
$DOT previously dropped sharply from the 4.88 dollar resistance level, reaching a major bottom near 0.63 dollars, confirming strong selling dominance in the market.
Now trading around 2.24 dollars, Polkadot is attempting to break above its long-term descending trendline. Price consolidation near this level suggests growing buyer interest and early accumulation.
Short-term moving averages have turned upward, signaling increasing bullish momentum. However, the 99-day moving average near 2.48 dollars remains a key resistance that must be breached for confirmation.
On the downside, the 1.35 to 1.40 dollar zone continues to act as a critical support area. A strong daily close above 2.30 dollars could trigger a rally toward 3.22 and 4.16 dollars.
Market participants are closely watching this level as Polkadot enters a decisive phase that could define its next major move.
