Polkadot (DOT) Eyes $1.45 After Strong Price Growth

Polkadot (DOT) has recovered more than 70% from its August low near $0.72, with its latest rally reaching approximately $1.27. The sharp rebound has significantly improved DOT's short-term picture after months of broader weakness, although the longer-term trend remains under pressure.

Following such a strong advance, DOT has now entered a correction and returned toward the psychologically important $1.00 area. This pullback brings the token back to a key technical level and raises the question of whether buyers can regain momentum or whether the correction could extend toward deeper support.

Polkadot (DOT) technical analysis

DOTUSD - 1 Day Time Frame

After reaching approximately $1.27, DOT entered a corrective phase and has now returned toward the 0.5 Fibonacci retracement around $1.00. Rather than necessarily weakening the setup, this pullback brings the price back to a more balanced area following the previous bullish expansion.

The $1.00 region now represents an important reaction point. Renewed buying activity around this level could indicate that the correction is losing momentum and that bullish pressure may be beginning to return. If the correction extends further, the areas around $0.80 and $0.72 remain the main structural supports of the latest bullish move. The lower level is particularly important, as it represents the origin of the August recovery.

A move toward these areas would represent a deeper correction, although the bullish scenario could remain technically relevant as long as buyers continue to defend the broader structure behind the latest impulsive move. A sustained break below $0.72, however, could significantly weaken the recovery and place the broader bearish trend back into focus.

Polkadot (DOT) price target

The nearest significant Buy-Side Liquidity is located around $1.45. A sustained move through this level could further strengthen the internal bullish structure and bring DOT closer to challenging its broader bearish trend. Additional Buy-Side Liquidity is positioned around $1.75 and $2.40. These levels could represent the next potential Take Profit areas if DOT regains bullish momentum following the current correction.

For now, DOT is trading in an area where the strength of its recent recovery is being tested. The more than 70% rebound from the August low highlights substantial buying interest, while the return toward the 0.5 Fibonacci level near $1.00 provides a more favorable price than the recent $1.27 high.

A constructive reaction around the current area could keep $1.45, $1.75, and $2.40 in focus as potential upside targets. If the correction deepens, attention could instead shift toward $0.80 and $0.72, which remain the key support areas behind the latest bullish expansion.

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