- The price action of Polkadot remains close to a support area between $3.60 and $3.80 at this time.
- The current momentum weakness indicated by RSI at 40.17 supports bearish market conditions since MACD stays beneath its signal line.
- The price will likely rise towards $40 to $50 after breaking through this resistance area yet a failed attempt could shift DOT down to $2.50-$2.00 for potential accumulation.
Polkadot (DOT) is currently trading at $4.00, reflecting a 1.46% increase in the last 24 hours. The price is hovering near a crucial support level between $3.60 and $3.80, an area that has historically acted as a strong foundation for price rebounds.
Source:CoinmarketCap
The support area maintains its importance because numerous market participants are actively placing their buy orders in this prominent zone. A sustained support level would trigger a possibility of a new bullish outlook. When DOT prices reach the high support levels it can indicate a pullback. But if the price drops to the point where a stop hunt happens this means leveraged positions could be automatically sold before any potential upward movement.
DOT Faces Critical Resistance at $10.44—Breakout or Breakdown Ahead?
According to analyst CryptoPatel, the next major resistance for DOT stands at $10.44, which has previously acted as a rejection point for upward movements. A successful break above this resistance could initiate a rally, potentially pushing DOT toward the $40–$50 range in an altseason cycle. On the downside, failure to hold above $3.60 might lead to a further drop toward $2.50–$2.00, where stronger demand may emerge for long-term accumulation.
Source:(X)
Market trends suggest that DOT is testing a liquidity-rich area, increasing the likelihood of volatile price swings. If bullish momentum prevails, DOT could see an upward push toward $6.00–$8.00 in the near term. On the other hand, a bearish breakdown could lead to a deeper correction before a possible recovery.
Polkadot (DOT) Technical IndicatorsShow Bearish Pressure
Source:Trading View
DOT RSI is currently at 40.17 showing a neutral momentum, this suggests that DOT is approaching oversold conditions.A rising RSI could signal strengthening momentum, but DOT remains in a weak position below the neutral 50 level.
Moreover, the MACD line is trading below the signal line indicating a bearish trend.The market appears to be consolidating with lower volatility, but the RSI and MACD suggest that downward pressure remains.
