Polkadot remains in a sideways range, with the short-term chart indicating a potential upside reversal. The daily chart was covered yesterday. The June low marked a completely new range low, but not a new all-time low. The structure is fragile with downward pressure. A lot of work is needed to get this back into an uptrend. Nearest support area is between $3.31 and $3.75. There is a scenario that could take the price higher, however, the $3.30 level needs to hold. Any break below would be problematic from a bullish perspective. Analysis identifies wave one up and an ABC structure to the downside in wave two.