Key Takeaways:
- Polkadot (DOT) is testing critical support at $2.50–$2.80 within a descending triangle; a breakout above $3.80 could trigger a rally toward $6.50.
- A drop below $2.50 risks losses toward $2.00, with broader market trends, especially Bitcoin price action, likely to influence DOT’s next direction.
Polkadot (DOT) is currently exchanging hands at around $3.28, with daily trading volume at $205.91 million. The cryptocurrency holds a market capitalization of $5.21 billion, placing it 25th on CoinMarketCap’s rankings. DOT is at a crucial technical juncture, testing the lower edge of a descending triangle pattern on the daily chart—a formation often signaling persistent selling pressure.
Bulls Defend $2.50–$2.80 Support Zone
The descending triangle’s flat base lies between $2.50 and $2.80, a historically significant level where buyers have previously stepped in. DOT is now hovering just above this range, setting the stage for a pivotal move in the coming weeks.
Should the $2.50–$2.80 zone hold firm amid rising buying volume, a fresh bullish phase could emerge. The first major resistance would come at $3.80, confirming upward momentum. If this rally gains steam, price targets at $4.30 and $5.40—DOT’s high earlier in 2024—come into play.
#DOT
— Jonathan Carter (@JohncyCrypto) June 21, 2025
Polkadot is testing the lower support of a descending triangle on the daily chart👀
The price have strong bounce potential from current level, with targets at $3.80, $4.30, $5.40, and $6.50🚀 pic.twitter.com/GS6XxHxHs5
In an especially bullish scenario, Polkadot could climb to $6.50, representing an impressive 150% upside from current levels. Catalysts for such a surge include the anticipated JAM upgrade and renewed interest in parachain projects, which may draw both technical traders and long-term investors.
Bitcoin’s Influence Looms Over DOT Price Action
Despite the encouraging setup, downside risks remain. A daily candle close below $2.50 could invalidate the bullish thesis, exposing DOT to potential declines toward the $2.00 level. Much will depend on broader market trends, particularly Bitcoin’s price direction and overall global risk appetite.
Technical traders are watching daily volume trends and momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for clues on DOT’s next move. While the triangle pattern suggests a multi-week or multi-month resolution, rapid price action could emerge from a breakout on shorter time frames such as the 4-hour chart.
With the market at a turning point, Polkadot’s performance in the coming sessions will be critical for determining whether bulls can stage a sustained recovery—or if sellers will regain control.
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
Also Read: Polkadot (DOT) Price Analysis: Bears Dominate as Recovery Stalls Below Key Resistance
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
