- Polkadot (DOT) shows mild intraday gains but faces notable bearish technical pressure.
- Analysts warn of a recurring chart pattern that previously triggered a sharp decline.
- Long-term projections remain optimistic despite short-term uncertainty.
Polkadot (DOT) is currently trading at $2.13, a 1.73% rise over the previous session. Market participation strengthened considerably, with 24-hour trading volume reaching $189.39 million, a substantial 65.01% increase. Over the past week, DOT maintained the same spot price of $2.13, marking a 4.64% gain as broader market sentiment fluctuated.
Investors interpreted the heightened volume as an indication of renewed short-term interest, though price action remained tightly constrained within familiar ranges. Despite the moderate gains, analysts note that DOT’s current structure reflects a cautious market still searching for decisive direction.
Sellers Maintain Strong Market Control
Crypto analyst ՏᗩᗰIᑌᒪ highlighted a recurring bearish formation now appearing on DOT’s chart. The same setup was last observed on November 29, when DOT swiftly dropped from $2.28 to $1.99 following a key crossover.
While past performance may not dictate future outcomes, the analyst underscored that “price structures may not repeat perfectly, but they often rhyme.”
Should the pattern unfold similarly, DOT could retest the crucial $2.00 support level, which forms the lower boundary of its ongoing triangle structure. The bearish sentiment is reinforced by DOT’s position below the 20-day EMA, a signal that sellers currently maintain control.
This technical posture complicates any attempt to reclaim upper resistance levels, particularly the $2.38 barrier. A push toward the broader upside target of $2.88 appears even more challenging under the present trend.
Market watchers suggest that unless DOT regains momentum above the short-term moving averages, downward pressure may continue dictating price behavior.
Also Read | Polkadot Price Shows Strength While Attention Builds Ahead of November Event
DOT Price Prediction for 2025
According to DigitalCoinPrice, DOT could approach the $4.71 threshold by year-end. Market observers also believe Polkadot may attempt to revisit its historical peak of $55.00 in the longer cycle, though such levels require significant structural improvement and broader market support.
According to investor sentiment and industry estimates, DOT is expected to trade between $4.42 and $4.71 during its next growth phase, contingent on improved liquidity and renewed ecosystem expansion. Despite the current technical headwinds, analysts maintain that Polkadot’s fundamental development trajectory continues to attract long-term interest across the blockchain sector.
Also Read | DOT Price Alert: Can Polkadot Bounce to $16 After 11% Dip?
