Current Market Position
Polkadot (DOT) is currently hovering around the 1.51 price area, which reflects a period of consolidation after facing rejection from higher price levels. This zone shows that buyers and sellers are in temporary balance, waiting for a clear directional move.
Key Support Zone
The most critical support for $DOT lies between 1.49 and 1.50. This region has acted as a strong foundation multiple times in recent trading sessions, where buying interest consistently emerged. As long as price stays above this zone, the market structure remains relatively stable.
Risk of Downside Movement
If DOT fails to hold the 1.50 psychological level, selling pressure could increase. In that scenario, the next notable support appears near 1.45, which may act as a temporary stopping point for further decline. A break below 1.45 could weaken sentiment further.
Immediate Resistance Area
On the upside, DOT faces strong resistance between 1.55 and 1.57. This range represents a recent high where price previously struggled to move higher. A successful breakout above this area would be required to regain bullish momentum.
Higher Resistance Target
Beyond the immediate resistance, the next major hurdle stands around 1.62. This level could attract profit-taking and stronger selling activity if price reaches it, making it an important zone to watch for trend confirmation.
Overall Price Behavior
As long as DOT continues to trade above the 1.50 level, price may remain range-bound with attempts to push higher. However, losing this support could shift control to sellers and open the door for deeper retracement.
Market Summary
DOT is currently at a decision point. Holding above support keeps recovery chances alive, while a breakdown below key levels may invite further downside. Traders should closely monitor price reaction near support and resistance zones for clearer direction.
