Polkadot’s price action tells a fascinating story of institutional accumulation masked by bearish optics, as DOT trades at $2.32 following a devastating 36% monthly slide that actually completes a textbook Wyckoff Spring pattern. The cryptocurrency shed 65% over the past year, yet technical indicators suggest the selling exhaustion phase has concluded, with smart money quietly positioning during the recent governance vote that strengthened network fundamentals. The main question for traders is: has the Spring at $2.69 marked the absolute bottom, or will bears push for one more liquidity sweep below current support?

Polkadot Wyckoff Spring Propels Recovery as DOT Tests Critical EMA Resistance at $2.97. Market Structure Shifts Higher. DOT completes textbook Wyckoff spring pattern at $2.69, signaling accumulation phase. Price climbs 18% from monthly low but faces stiff resistance at converged EMAs. Bybit’s On-Chain Earn integration expands staking accessibility for retail traders.

Polkadot tumbles to multi-year lows as sellers overwhelm $3 support, with DOT trading at $2.75 after losing critical psychological level. RSI drops to 40.5, indicating momentum exhaustion. Multiple support levels now flip to resistance, creating a ceiling for relief bounce. Traders wonder if DOT has found a floor or more downside is in store.