history often rhymes in the markets, as the famous investment saying goes: “History doesn’t repeat itself, but it often rhymes” – Mark Twain. In the case of Polkadot (DOT), it's interesting to look at price development and historical support and resistance levels.
On August 20, 2020, DOT was trading around $3.20, which was during the very early stage of its trading following the redenomination of the token (around August 21, 2020). At that time, trading volumes and DOT’s market cap were still relatively low, as the project was just gaining traction.
If today (June 2025) DOT is trading near these levels again, it's both psychologically and technically significant – it could represent either:
a strong historical support that the market remembers,
or a signal that the market is returning to its foundational levels, which could be favorable for long-term investors.
On August 20, 2020, DOT was trading around $3.20, which was during the very early stage of its trading following the redenomination of the token (around August 21, 2020). At that time, trading volumes and DOT’s market cap were still relatively low, as the project was just gaining traction.
If today (June 2025) DOT is trading near these levels again, it's both psychologically and technically significant – it could represent either:
a strong historical support that the market remembers,
or a signal that the market is returning to its foundational levels, which could be favorable for long-term investors.
