Polkadot nears key $1.20 support amid 98% drop; must break $4.50 to signal recovery

Polkadot (DOT) has fallen about 97.80% from its 2021 peak above $55, currently trading near $1.43. Analysts highlight a critical accumulation zone between $1.10 and $1.30, with a weekly close below $1.20 invalidating recovery hopes. For a confirmed bullish turnaround, DOT must reclaim and hold above $4.50, signaling a breakout from a long-term descending channel. Short-term price action remains weak, but some buying near lows suggests cautious optimism among investors.