Polkadot DOT Dey Bounce Back to $3.90 Because of Institutional Accumulation
Polkadot native token DOT climb more than 2% for August 28, e try test support for $3.90 after e reach high of $4.02. CoinDesk Analytics technical model detect say institution dem dey accumulate, with trade volume pass 320,000 units during the pullback and 4.6 million units for the rally. The analysis show strong support dey for $3.90–$3.91 and resistance for $4.02. Paraguay don commit $6 million to one Polkadot-based tokenization project, which mean government dey support blockchain infrastructure. Traders suppose dey watch the consolidation zone between $3.91 and $3.95 for more accumulation and dey monitor breakout pass $4.02 to confirm say bullish momentum dey.
Bullish
Di teknikal analysis wey dey show say institutions dey accumulate, plenty volume dey trade, and clear support base for $3.90 dey suggest say buying pressure go last wey dey usually come before price go up. Professionals wey dey participate dey improve market liquidity and e dey increase chance say dem fit challenge resistance for $4.02; if breakout succeed, e fit bring more gains. Normally, assets wey dey show dis kind accumulation pattern, like Bitcoin wey dey consolidate above main averages, go enter strong rally. Paraguay don commit $6 million to Polkadot-based tokenization project wey go add fundamental support and real-world use cases, wey go make investors confident. Short term, traders fit use run consolidation between $3.91 and $3.95 as entry, while momentum for medium to long term go still dey positive if DOT hold above resistance and adoption dey grow.