Polkadot (DOT) price remains bearish after rejection from key resistance, with price staying below the Ichimoku cloud. Momentum indicators show weakening strength and seller control. Market focus is on holding support levels to avoid further downside, while ecosystem growth continues through the Acurast upgrade on Polkadot.
DOT Price Faces Strong Bearish Pressure
According to the TradingView chart, Polkadot (DOT) price remains bearish below Ichimoku resistance. DOT Price is trading near $1.234 after rejection from the $1.40–$1.42 resistance.
Immediate support sits at $1.22; losing it may trigger drops toward $1.20 and the Bollinger lower band near $1.17. Recovery requires reclaiming $1.29–$1.31 resistance and moving back above the cloud.
Bollinger Bands show volatility expansion after a sharp rejection from the upper band around $1.408. Current structure favors sellers as the DOT price stays below Tenkan at $1.326 and Kijun near $1.309.
Short-term bounce is possible from $1.22–$1.23 support, but trend reversal remains unconfirmed unless buyers reclaim $1.33.
The Ichimoku cloud flipped bearish, signaling weakening momentum for DOT/USD. Consecutive red candles and failed rebounds confirm seller control.
If bulls defend $1.22 support and break above $1.31, upside targets become $1.33, then $1.40. However, a breakdown below $1.22 could accelerate declines toward $1.17 and potentially lower levels afterward.
Also Read: Polkadot (DOT) Below EMAs: Can It Break $2.35 Resistance Level?
Momentum Indicators Confirm Weakness
From an indicator perspective, the RSI is suggesting that Polkadot is losing steam from the daily time frame.
As the RSI indicator has been hovering around 41.66 levels, it is evident that the bears have the upper hand below the 50-level mark. Earlier bullish divergence was not able to support the price and pushed it lower.
A bearish crossover is indicated by the MACD, as the histogram shifts towards the red side and momentum weakens.
While the signal line initially remains above the MACD line, downward pressure increases, driving the negative value close to -0.010.
This suggests that the current downtrend will persist while bullish momentum fades following the latest reversal below resistance.
Polkadot Ecosystem Expands With Acurast
The latest update of Acurast’s Cargo is now live on the Polkadot mainnet. With this, the decentralized cloud network continues to extend its capabilities, allowing the deployment of full Linux containers that run on Android devices in over 175 countries.
For builders, Acurast Cargo offers developers cloud-like environments that are familiar to them for running any workload, equipped with deployment, logging, debugging, and shipping functionalities by leveraging Polkadot as the decentralized infrastructure for scaling global computing applications.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Polkadot (DOT) Down 98% From $55 ATH, Eyes $1 Zone
