The price of Polkadot (DOT) has started to recover after bouncing off the $6.2 support level. The support level has shown its strength, giving confidence to bulls to reenter the market. Oversold conditions indicate a potential reversal, and DOT is gradually increasing, bringing renewed optimism to traders for stronger bullish momentum. Technical indicators are aligning to support a recovery, and DOT's ability to hold and build on the current bounce will determine its next price phase. The token is exhibiting early signs of recovery and is attempting to reach the 4-hour Simple Moving Average (SMA), which would indicate strength in the recovery effort. The market sentiment is shifting from bearish to neutral as buyers cautiously re-enter the market. However, the recovery remains fragile, and failure to hold above the support or break through the SMA could result in a setback. Key resistance levels at $7.7 and $9.8 will play a critical role in determining if the recovery can continue or if bearish forces will regain control.



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