Post a brief compression phase in the $18-zone, Polkadot (DOT) did quite well to recover on its charts over the last day. The recent jump led the alt to find a comfortable close above the 20/50 EMA.

The bears continued to negate the buying pressure at the current level. Any fall below the $18.8-mark would put DOT in a position to test the $18.6-$18.4 range before a likely bullish comeback. At press time, DOT was trading at $18.78, up by 1.29% in the last 24 hours.

Source: TradingView, DOT/USDT

The previous bearish phase from its early April highs led the alt to lose more than 28% of its value and tumble toward its one-month low on 12 April.

Since hitting the $17-base, DOT registered multiple sharp rallies in its endeavor to reclaim vital support levels. The 200 EMA (green) disregarded all the recovery attempts while offering a strong selling point. To top it up, the three-week trendline resistance and the mid-line of the up-channel (white) coincided to pose hurdles in the current revival rally.

After a strong rebound from this level, if the price finds its ground below the near-term up-channel (yellow), DOT could see a short-term setback before the bulls would aim to re-enter near the 20/50 EMA zone.

With the 20 EMA maintaining its mark above the 50 EMA, the bulls could create possible obstructions as the alt finds its way down. An eventual close above its immediate trendline resistance would be critical to steer the motion in favor of buyers.

Source: TradingView, DOT/USDT

The 4-hourly RSI found some stability in the 50-56 range whilst giving a slight buying edge. Nevertheless, any close below the