Polkadot’s DOT token began to confidently rebound after a 7% decline, rising from $3.91 to $4.08 — according to data from CoinDesk Research’s technical analysis model.

“DOT experienced significant price swings over the 24-hour period, moving between $3.91 and $4.20 and settling at $4.08,” the report notes.

Earlier this week, the U.S. Securities and Exchange Commission (SEC) withdrew its accelerated approval for a Bitwise crypto ETF, which planned to include DOT among its top holdings by market capitalization.

Nevertheless, DOT’s recovery coincided with a broader crypto market rebound — the Coindesk 20 index rose by 1.4%.

According to the latest data, despite the pullback, the token is trading at $4.09, down 2% over the last 24 hours.
CoinDesk highlights that a key support level formed at $3.96 with confirmation from above-average volume (4.28 million), while resistance is seen around $4.10.

During the decline, a volume spike of 73,061 was recorded — indicating potential institutional selling pressure. The recovery trend suggests a possible continuation toward the $4.13 target, despite the overall daily loss.