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Polkadot (DOT) Price Update
Polkadot continues trading in a defined weekly range, with clear levels of support and resistance shaping the price action. On the GateSquare chart, we're seeing a very similar structure: rotational movement between value areas, with the Point of Control acting as the magnet.
Key Levels & Current Data:
Support (Range Low): ~$3.39
Resistance (Range High): ~$4.40
Current Price: ~$4.01 — sitting closer to the middle of the range.
CoinDesk
+3
CoinCodex
+3
LiveCoinWatch
+3
Possible Intermediate Support: Around $3.6 ‒ $3.7 if price drops.
CoinLore
+1
Structure & Outlook:
Price is oscillating back and forth between support and resistance — no decisive break yet.
The Point of Control (POC) is acting like a magnet: it pulls price toward it repeatedly. How price behaves once it reaches or tries to cross the POC will be very telling.
If DOT is accepted above the POC, there’s potential to push toward $5.00 resistance in the longer term.
If rejected at POC, price could revisit the lower support zone around $3.39 – or possibly dip a bit below the intermediate support (~$3.6) before finding buyers.
What to Watch Next:
Watch for volume increases around the POC — if volume picks up as price tries to move above POC, that may signal buyer strength.
Keep an eye on rejections or wicks off resistance (~$4.40) as confirmation that sellers are strong there.
Also monitor how price reacts at the support ~$3.39 if it returns there — whether it holds firmly, or cracks.
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