Polkadot Price Prediction: Can DOT Reclaim Its Bullish Momentum?

Polkadot Price Prediction

Key Insights:

    • DOT breaks the 4-hour range as bearish momentum begins building fast.
    • The  Awesome Oscillator turns red, confirming that sellers are gaining control.
    • Consolidation holds, but breakout needs volume to gain traction.

Polkadot price prediction trends show that DOT is currently trading at $4.42. It has suffered a 6.07% drop in the last 24 hours. The market cap also nosedived to $6.91 Billion (-5.43%).

At the same time, the 24-hour trading volume dropped 10.40% to $181.52 Million. The recent price drop has coincided with broader market volatility.  

However, analysts are confident and remain optimistic. According to the analyst, DOT charts are looking to break out.

The expert expects plenty of news about $DOT this year. He believes traders are waiting for a catalyst to spark DOT’s recovery. The price is currently stuck in a cycle of speculation.

Polkadot Price Prediction: Consolidation, Resistance, & Future Outlook

CoinMarketCap data shows a sharp downward trend for DOT. It began at a session high of $4.7197 and dropped to a session low of $4.42. DOT was once again unable to achieve some consolidation after the initial decline around the $4.55 to 4.60 levels.

The volume didn’t rise much throughout the fall, which is demonstrated by a volume-to-market cap ratio of 2.6%. This suggests that less trading enthusiasm was being expressed during the decline.

The persistent downward pressure indicates that the market appears bullish overall. However, short-term traders capitalize on gains or respond to broader market influences.

Uncertainty about a price action of a support level now shows up in the current price action. This has been in touch several times in recent weeks,

Polkadot is showing a clear consolidation pattern. DOT oscillates between a long-term support zone of $3.70 and resistance at $4.70. The analyst’s chart suggests this accumulation phase forms a stable base.

From this base, DOT might attempt to break out. Dogecoin price prediction also projects a parabolic move outside this range. The projected price trajectory has DOT shooting for the magnet level around $40.00.

Polkadot price
Source: X

In the past, DOT has been one of many that have shown cyclical exuberance and powerful rallies in bull markets. According to Polkadot price prediction trends, the asset skyrocketed in 2021 to an all-time high just north of $55 before retracing.

The recent consolidation and narrowing of the price movement after steep highs may lay the groundwork for a return. However, the technical breakout is not validated.

Despite the bullish outlook, technical indicators show that DOT is still under resistance pressure. The recent rejection at around $4.70 is a nice level to revisit, as displayed on the chart.

This is because it sits within a multi-month resistance zone. Since early 2024, DOT has tested this level several times but has never achieved a higher level.

The asset will stay range-bound without the strong and confident volume on daily or weekly closes above this level. It will only move beyond this range once the level is conclusively broken.

However, the level of $3.70 remains the lower support to monitor. DOT will price its way back into this zone if market-wide volatility or risk continues.

A bounce from current levels could indicate growth potential. A confirmed breakout above $4.70 would validate the analyst’s bullish cycle continuation prediction.

Polkadot Shows Range Breakdown on Short-term Charts

The 4-hour TradingView chart (DOT/USDT, Binance) gives a more granular view of DOT’s recent market behavior. The blue box highlights the past week’s consolidation of DOT within a well-defined range of over $4.60 to roughly $4.80.

An accumulation phase followed the recovery from the $4.00 level in the middle of March. This indicates an attempt on the part of the market to create a new support base.

The most recent candle on the 4-hour chart has not been moved further. However, it is much below the range, and DOT currently trades at $4.414. It is down 3.43% in the current session alone.

This move invalidates the short-term bullish structure. The probability of moving back towards lower support at $4.00 to $4.10 levels arises.

4-hour DOT/USDT Chart
4-hour DOT/USDT Chart | Source: TradingView

Looking at the Awesome Oscillator (AO), we see that a cross below the zero line is happening, along with red bars expanding. This means growing bearish momentum, and the previous uptrend is now over.

This coincides with the overall movement in volume and price. There, the decline in volume matches the increasing seller domination over the past 24 hours.

Polkadot’s short-term momentum will break down below its 4-hour range, indicating that it has lost some momentum. Nice bearish momentum was confirmed through the Awesome Oscillator.

Per Polkadot price prediction, the token needs a quick rebound above the $4.60–$4.70 resistance area. Without this, it may retest past support levels at $4.10 or even $3.70.

Although consolidation over a longer term indicates accumulation, the breakout was not achieved.