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+
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–
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–
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+
2.09%
By Will Canny, CD Analytics|Edited by Sheldon Reback
Updated Jun 20, 2025, 2:03 p.m. Published Jun 20, 2025, 1:43 p.m.
- DOT bounced 4% after support held at the $3.47 level.
- A bullish reversal pattern has formed, which suggests further potential upside.
DOT rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to CoinDesk Research’s technical analysis model. The move higher was on strong volume, the model showed.
A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model.
STORY CONTINUES BELOW
In recent trading, DOT was 0.5% lower over 24 hours at around $3.57. The broader market gauge, the CoinDesk 20, was 1.2% higher at publication time.
Technical Analysis:
- DOT experienced a 3.67% correction from $3.596 to $3.464 before finding strong support.
- Volume exceeded 2.5M units at the $3.47 support level, significantly above the 24-hour average.
- A bullish reversal pattern formed with consecutive higher lows since the bottom.
- V-shaped recovery pattern emerged starting at 11:43, with volume increasing to over 34,000 units during the 11:45 timeframe.
- Price broke through multiple resistance levels, reaching a peak of $3.559 at 12:09.
- Potential continuation of upward momentum if the $3.57 resistance can be cleared.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
