Polkadot Coin Reveals Bullish Pattern At $6 Accumulation Zone; Buy Now?
A potential bullish reversal from the $6 mark will validate it as a high accumulation zone. To enforce the reversal theory, the coin chart showed the formation of a double-bottom pattern. Under the influence of this pattern, this polka dot coin price should breach the immediate resistance of $6.52, offering a higher footing level to encourage bullish growth.
Key points from Polkadot coin analysis:
- The DOT price shows a strong demand force below the $6 mark
- The double bottom pattern sets an 11% growth in market value
- The 24-hour trading volume in the Polkadot coin is $376.5 Million, indicating a 98% gain.

Amid the recent sell-off in the crypto market, the Polkadot coin price plunged back to the July low support of $6.1-$6. Furthermore, the coin price spent nearly a week sustaining above this level, creating a narrow range between $6.52 and $6.
However, the technical chart displayed this consolidation as a double-bottom pattern. The famous bullish reversal pattern is often spotted at the market bottom, offering a recovery opportunity to coin holders.
Today, the Polkadot coin price is 4.52% up and shows a morning star candle at the $6 psychological support. With a sufficient boost in volume action, the coin price hits the pattern’s neckline resistance of $5.6.
A bullish breakout from this resistance will trigger the reversal pattern and drive the prices 11.5% higher to hit the $7.3 resistance. Anyhow, the coin price should reclaim the $8 psychological resistance to obtain a better possibility for price recovery.
On a contrary note, if the Polkadot coin price remains below the $6.52 resistance, the ongoing consolidation will last for a few more trading sessions.
Technical Analysis
Relative strength index: the daily-RSI slope shows a bullish divergence despite a price consolidation, indicating a gradual rise in underlying bullishness. This divergence also offers a better possibility for price recovery.
DMAs: the coin price trading below the crucial DMAs(20, 50, 100, and 200) indicates a bullish recovery will face multiple resistance ahead. Moreover, the 50 and 200 DMAs on the verge of bearish crossover could encourage more selling activity in the market
- Resistance levels- $10.6 and $11.8
- Support levels- $8.81 and $7.87
- Indian Court Declares XRP as Property in WazirX Hack Case
- Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH
- Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?