Will DOT Coin Price Rebound Soon?

• The Polkadot crypto price has dropped by 20% in the last 7 days.
• The Polkadot price has jumped by 60% in December.

On a daily timeframe, the Polkadot (DOT) price has dropped below the 100-day EMA and has taken support from the 200-day EMA. The DOT price has witnessed good selling pressure and halted near the $6 mark.

The Polkadot price has been in a bullish trend since October and surged by 150% till December. Since the beginning of January, the Polkadot crypto price has performed negatively and profit booking has been observed.

Current Price – $6.32 Sentiment – Bearish 

Price Prediction – $5.86 (-6.18%) Market Cap – $8.22 billion

Volatility – 8.92% Volume – $250.33 million

Green Days – 11/30 (37%) RSI – $5.94

Fear & Greed Index – 50 (Neutral) 200-day EMA – 36.83

Our Polkadot price prediction indicates that the price will decrease by -6.18% and reach $5.86 by January 28, 2024. Our technical indicators indicate that the current sentiment is bearish, with the Fear and Greed Index showing 50 (neutral). Polkadot’s last 30 days resulted in 11 out of 30 green days (37%) and 8.92% price volatility. According to our Polkadot forecast, buying Polkadot is currently not advisable.

Polkadot Crypto Price Technical Analysis

The Polkadot price had been in an uptrend but the trend was disturbed near the $10 hurdle. The DOT price has risen by taking support on the trendline but has currently slipped below the trendline with a strong negative candlestick.

Currently, the DOT price is staying between the 100-day and 200-day moving averages. If the Polkadot price slips below the 200-day EMA and sustains, selling pressure can be observed and it can reach $5.

On the other hand, if the DOT price bounces back and surpasses the $7 level, buyers may dominate and may continue the bullish trend. If the investors regain their confidence, then a 52-week high can be achieved in the next few months.

Polkadot Price Prediction 2026

In 2026, the Polkadot price prediction ranges from $11.28 on the lower end to $42.62 on the high end. Polkadot could see a gain of 570.71% by 2026 if DOT meets the upper price target.

Polkadot Price Prediction 2031

The Polkadot price is projected to range from $30.76 at the lower end to $38.94 at the higher end in 2031. Polkadot has a potential gain of 512.61% compared to today’s price if it achieves the upper price target.

Polkadot Price Prediction FAQs

What is the DOT price prediction today?

According to our analysis, the Polkadot price will gain 0.00% to reach $6.37 by today.

What is the DOT price forecast for tomorrow?

The Polkadot price is projected to fall by 4.71% to reach $6.04 by tomorrow.

Is it profitable to invest in Polkadot?

Polkadot experienced 11/30 (37%) green days during the past 30 days. According to our historical data, it is currently not profitable to invest in Polkadot. In the last year, Polkadot’s price declined by -5.55%, while its 3-year performance is -65.7%.

What is the Polkadot price prediction next week?

The Polkadot price prediction for next week is between $5.86 on the upper end and $5.56 on the lower end. Based on our DOT price prediction chart, the price of Polkadot will decrease by -5.21% and reach $5.56 by February 04, 2024, if it reaches the lower price target.

Conclusion

Based on our analysis and technical indicators, the current sentiment for Polkadot (DOT) is bearish, with a projected decrease of 6.18% to reach $5.86 by January 28, 2024. The DOT price has witnessed selling pressure and halted near $6. However, if the price manages to bounce back and surpass the $7 level, buyers may dominate and continue the bullish trend.

Technical levels

Resistance: $8..20 & $9.50

Support: $5.70 & $4.80

Disclaimer

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.