Polkadot (DOT) is known for its focus on blockchain interoperability and parachain architecture, is under moderate market pressure.
In this article, we will look at Polkadot crypto next target by looking at price chart and technicals.
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Polkadot Next Target
- Current Price: $3.79
- 24h Price Change: -2.82%
- 24h Range: $3.70 – $3.93
- Market Cap: Approximately $5.64 billion
- 24h Trading Volume: Approximately $129 million
- Circulating Supply: Approximately 1.49 billion DOT
Price is in a Downtrend, however, it has broken back above the $3.70 resistance level and could revisit $5.00 next. Stop Loss at $3.44. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~45 (neutral to slightly bearish)
- MACD: Bearish crossover
- Support Level: $3.70
- Resistance Level: $3.93
- Current Trend: Downtrend with short-term volatility
📰 Latest Polkadot News & Developments
- 🔧 Polkadot 2.0 and JAM Upgrade
Polkadot is rolling out key updates like the Join-Accumulate Machine (JAM) framework under its 2.0 vision, aimed at enhancing scalability and network customization. - 📉 Price Hits 5-Year Low
DOT recently dropped to $3.25, marking a five-year low before rebounding slightly. This sparked discussion about undervaluation and long-term potential. - 📊 ETF Filings Show Institutional Interest
New ETF proposals related to Polkadot have emerged, suggesting growing institutional appetite for exposure to DOT in regulated investment vehicles.
📌 Summary
Polkadot remains a technically promising project with deep-rooted innovations in scalability and cross-chain communication. However, near-term price action is fragile. Investors are watching closely for support levels to hold and for fundamentals to reassert influence.
👉 Short-Term Forecast: Cautiously bearish unless price sustains above $3.93
📉 Risk Factor: High – due to current price weakness and broader market sentiment
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