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Key Takeaways:
- Polkadot has reclaimed a crucial support level, surging 30% over the past two weeks.
- Nearly 80% of Binance traders are going long on DOT, indicating widespread bullish sentiment.
- Strong trading volume and rising open interest point to continued market participation and upside potential, although a short-term correction may be likely.
Polkadot (DOT) has made a significant comeback in recent weeks, regaining a key support level lost during the tariff war and rallying over 30% in just two weeks. This notable recovery has sparked renewed interest among traders and analysts, with many suggesting that DOT could be on the verge of a continued breakout.
Polkadot Hits Key Historical Reversal Level
The recent price recovery brings DOT back to a historically significant reversal zone. According to data from TradingView, since October 2023, this level has triggered a strong upward movement more than six times. The asset’s consistency in bouncing from this price point adds weight to the argument that the current surge could mark the beginning of a longer bullish trend.
Investor enthusiasm appears to reflect this, as technical charts and price history highlight the $3.90–$4.30 zone as a major inflection point for DOT bulls.
Binance Traders Lean Strongly Long on DOT
Bullish sentiment is particularly evident on Binance. According to CoinGlass, the DOT/USDT Long/Short ratio on the platform has surged to 3.92—its highest level since June 2025. This means nearly 80% of traders are betting on DOT to rise, with only 20% favoring short positions.
Notably, the most concentrated liquidation levels are at $4.32 and $4.48, where traders have opened long positions worth $4.23 million, further reinforcing bullish expectations.
Open Interest and Trading Volume on the Rise
Despite a minor 5.06% dip in the past 24 hours, DOT’s trading activity remains robust. CoinMarketCap reports that the asset’s 24-hour trading volume has jumped by 48%, and open interest climbed 4.5% to reach $483.36 million.
These rising figures signal increased capital inflows and sustained trader participation, often a precursor to further volatility and potential upside.
Also Read: Polkadot Slides Into Historical Accumulation Zone as Bearish Signals Persist
Technical indicators suggest that DOT may be slightly overextended in the short term. AMBCrypto’s analysis shows that the Relative Strength Index (RSI) is currently at 73—above the overbought threshold. This raises the likelihood of a short-term pullback before any further rally.
However, if DOT manages to maintain support above the $3.90 level, analysts believe the token could gain another 20%, potentially hitting $5.40 in the near future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
