Polkadot's DOT experienced a 4% bounce after finding strong support at the $3.47 level. Following a 3.67% drop to $3.464, the cryptocurrency rebounded on strong volume, indicating its potential for further upside. A bullish reversal pattern emerged with consecutive higher lows since the recent bottom, demonstrating positive momentum. The volume during the rebound exceeded 2.5 million units at the critical support level, which is significantly above the average. A V-shaped recovery started around 11:43 AM, with increased volume observed within minutes. The price rose to a peak of $3.559, highlighting a break through multiple resistance levels. If DOT can clear the $3.57 resistance, analysts predict a continuation of this upward movement. As of the latest update, DOT was trading slightly lower at approximately $3.57, while the broader CoinDesk 20 index saw a 1.2% increase.

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