NewsBTC
Nov 8, 2025
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Polkadot Reversal Setup Forms Below $2.85 Amid Resistance Challenges

Polkadot's Potential Shift in Momentum

  • Polkadot's current price action indicates a possible momentum shift, with a reversal setup forming below the $2.85 level.
  • Bulls are increasing pressure for a potential breakout, but strong resistance remains overhead.

DOT Downtrend and Short-Term Recovery Prospects

  • Elliott Waves Academy suggests that DOT's recent declines may be nearing an end, signaling a potential short-term recovery.
  • A diagonal pattern is forming, indicating a possible trend reversal if confirmed by a break above its upper boundary.
  • A confirmed breakout could lead to an upward recovery towards $3.3423–$3.36538.
  • The $2.2848 level is crucial; breaking it may result in further downside.

Polkadot's HTF Resistance Challenges

  • Polkadot remains constrained under major high-timeframe resistance levels at $3.200 and $3.780.
  • Current price action is neutral, with Polkadot trading between $2.500 and $2.700.
  • An inverse head and shoulders pattern is forming, with a neckline around $2.700–$3.00. A breakout here could lead to a 5–10% price surge.