Polkadot (DOT) has experienced a prolonged bearish pullback, with its price reaching a significant support area, including the 100-day moving average and the 0.618 Fibonacci retracement level. Despite this, several indicators suggest a potential resurgence towards the crucial $10 mark.

A detailed examination of the daily chart shows DOT's sustained bearish retracement after its impressive climb to the yearly high of $11.9. However, the downward momentum has diminished upon encountering a significant support zone, resulting in minor price fluctuations. The convergence of these support levels indicates strong demand at this pivotal threshold, suggesting a potential upward movement towards the $10 resistance region.

A comprehensive analysis of the 4-hour timeframe reveals Polkadot's corrective retracements. Amidst these corrections, a falling wedge pattern has emerged, typically signaling a potential bullish reversal. Nevertheless, the prevailing sentiment among market participants suggests an expectation of a renewed upward movement towards the $10 threshold in the medium term.

The liquidation heatmap for the DOT: USD pair suggests a substantial concentration of liquidity near the critical resistance zone at $10. This clustering of liquidation levels around the $10 price range suggests a probable movement towards that threshold in the medium term. However, the potential for a bearish scenario involving a sustained downtrend cannot be discounted.