Polkadot (DOT) forms a long-term descending structure from the $11.00 peak. As of February 28, 2026, it tests strong support around $1.30–$1.35. A rebound here could push the price toward $3.00, the first recovery resistance level.
According to the crypto analyst @TheMoonHailey, if bulls maintain momentum, the token may face its next target near $4.20–$4.50, corresponding to previous consolidation zones.
The broader uptrend projection suggests a potential move toward $6.00, with a higher target around $10.50–$11.00 if the ascending swing pattern completes. Trend reversal confirmation requires sustained weekly closes above $3.50.
Indicators imply oversold conditions at support. A bullish divergence could accelerate upside, targeting $2.50 initially. Breakout continuation beyond $4.50 would validate higher targets of $6.00 and $11.00.
Conversely, a weekly close below $1.30–$1.25 risks extending downside, potentially revisiting $1.00–$1.10 as the next strong support zone.
Also Read: Polkadot (DOT) at Make-or-Break Level as Price Hovers Near $2
Daily Chart Highlights Persistent Selling Pressure
From a technical perspective, Polkadot on the daily timeframe remains in a strong downtrend, trading near $1.48 after rejection around $1.60–$1.65 resistance.
The Price sits below the 50 SMA at $1.64, 100 SMA at $1.85, and 200 SMA at $2.72, confirming bearish structure overall and sustained selling pressure.
The key areas of support to target on the downside are $1.30-$1.35, the recent low of $1.13, and the psychological level of $1.00, should further selling pressure continue. To target a recovery on the upside, levels to reclaim are $1.65, then $1.85, followed by $2.30 and $2.72.
Momentum Indicators Show Early Recovery Signals
From an indicator side, the Relative Strength Index (RSI 14) recently bounced back from oversold levels around 25 and is currently trading around 45.
Although this is a sign that the bearish momentum is slowing down, the RSI is still below the middle line of 50, indicating that the bears have not yet lost control.
The MACD indicator has formed a weak bullish crossover, with the histogram bars turning slightly positive. Nevertheless, the MACD line is still below the zero line, indicating that the overall trend is still negative, despite the initial signs of a recovery. A break above the zero line would be a positive indication for the continuation of the bullish trend.
Why This Matters
A breakdown below $1.30 could accelerate the downside volatility and make DOT vulnerable to a possible move towards $1.00.
A strong bounce from this point could change the sentiment around Polkadot and make a move towards $3.00 possible.
Also Read: Polkadot (DOT) Forms Bullish Reversal Pattern as DOT Eyes $2.40 Resistance
