BTC
$104,893.61
+
1.50%
ETH
$2,500.27
–
2.82%
USDT
$1.0007
+
0.06%
XRP
$2.1768
–
0.02%
BNB
$646.82
–
1.16%
SOL
$150.29
+
0.43%
USDC
$0.9997
–
0.02%
DOGE
$0.1807
–
0.37%
TRX
$0.2793
+
2.23%
ADA
$0.6659
+
0.57%
HYPE
$34.50
+
2.08%
SUI
$3.1899
+
3.48%
LINK
$13.52
–
0.10%
LEO
$8.9890
–
1.21%
AVAX
$19.63
–
0.13%
XLM
$0.2639
+
0.46%
BCH
$393.10
–
1.48%
TON
$3.1681
–
1.30%
SHIB
$0.0₄1261
–
0.14%
HBAR
$0.1675
+
1.02%
By CD Analytics, Will Canny|Edited by Aoyon Ashraf
Jun 6, 2025, 4:20 p.m.
- Polkadot bullish momentum returns after a 7% correction.
- The token retook an important psychological level at $3.96.
Polkadot
bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research’s technical analysis model.
DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing “strong support” and rebounding strongly, according to the model.
La storia continua sotto
The token is currently 1.3% lower, trading around $3.97.
The broader market gauge, CoinDesk 20 index, was 0.8% lower at publication time, also recovering from a sharp move lower amid a tussle between President Donald Trump and Elon Musk.
Technical analysis highlights:
- DOT-USD experienced a 7.06% correction from $4.038 to a low of $3.753 before establishing strong support.
- Price formed an ascending channel after the correction, reclaiming the $3.95 level with increasing buying pressure.
- Significant volume spike of over 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period.
- Key resistance established at $3.98-$4.00 zone with immediate support at $3.95.
- Higher low pattern formed after brief pullback, confirming bullish momentum
- Psychological $3.96 level successfully defended, reinforcing recovery narrative.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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.
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.
Storie Da Non Perdere
