Polkadot (DOT) delivered one of its sharpest moves in recent periods, soaring as much as 40% in the past 24 hours. After Wednesday’s momentum accelerated, price advanced rapidly, raising the question of whether the market can sustain the newly gained strength or transition into a deeper retracement.

Polkdaot (DOT) technical analysis

DOTUSD – 4-Hour Time Frame

DOT recorded strong momentum on Wednesday, driving price significantly higher.. Currently, DOT is trading around $1.60, where price is consolidating in a sideways range, suggesting absorption of the prior impulse.

Directly below the current price lies a key level at $1.57, which represents an important reference for near-term market development. If this level holds and price reacts upward, it could indicate continued constructive structure, allowing momentum to extend.

The primary support area beneath the current price also represents the only major demand zone below, from which the last strong upward move originated. A return to this region could attract increased buyer activity. This zone is located in the $1.26–$1.28 range. Beneath this area sits a concentration of liquidity formed by prior long positioning from the recent rally, although whether price will revisit these lows at this stage remains uncertain.

Polkadot (DOT) price target

If DOT maintains sufficient strength in the coming sessions, a decisive 4-hour close above the $1.71 level could become an important technical development. A previous attempt to break this level was followed by notable selling pressure, which forced price lower.

If price establishes acceptance above $1.71 in the future, the structure could transition into renewed bullish momentum. In such a scenario, the next reference would be the resistance zone between $1.84–$1.88. A sustained close above this zone could allow price to extend further, while failure to maintain strength may result in continued consolidation or renewed downside pressure.