Polkadot is moving on a stable price path with limited short-term volatility. Over the past 24-hours, DOT remained nearly unchanged, showing price stability. Weekly, the token is down 1.58%, reflecting mild selling pressure and cautious sentiment among traders across the market.
At the time of writing, Polkadot is trading at $0.01470, supported by a market capitalization of $3.48 billion. The 24-hour trading volume stands at $64.19 million, down 45.18% over the last 24 hours. Despite reduced activity, overall valuation rose 1.25%, signaling steady demand.
Also Read: Polkadot (DOT) Price Plunge: Will DOT Bounce to $50 Soon?
Polkadot Daily Chart Shows Bearish Trend
The DOT daily chart shows a prolonged bearish trend contained within a well-defined descending channel. Price has respected lower highs and lower lows throughout 2025, confirming a strong bearish structure. Currently, DOT trades near the channel’s lower boundary, where selling pressure is weakening, and price compression suggests a potential structural shift.
The chart highlights a strong horizontal support zone around $1.90-$2.10, which is near the bottom of the channel. Additionally, a closing break above the downtrending channel and a successfully retested level would indicate a proper breakout and possibly a reversal in the trend, as opposed to a relief rally.
If this breakout is confirmed on the chart, the targets will be at $3.00-$3.30 (first resistance level), $4.50-$5.00 (major supply zone), and maybe even $7.00-$8.00, in the more bullish scenario. Otherwise, DOT will remain in this bearish market setup, with this scenario being invalidated.
Momentum Signals Show Gradual Easing Pressure
The weekly RSI of Polkadot shows values close to 36.33, and its moving average of the RSI shows values around 36.23. The momentary momentum lies below the middle level of 50, indicating the absence of purchasing momentum. It is heading towards the oversold level, but not yet in the oversold region.
The MACD is still bearish. The MACD line is approaching -0.587, and the signal line is getting close to -0.529. The histogram is approximately -0.057. The red bars in the histogram imply that there is a negative momentum. However, a contracting histogram indicates that selling momentum is subsiding.
Also Read: Polkadot (DOT) Set to Soar: Price Targets $3 to $50 Revealed!
