Polkadot drops 7.57% as sellers keep control below $0.916

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Polkadot drops 7.57% today to $0.891

Highlights

DOT/USD faces persistent selling pressure, trading well below key moving averages and near the day's low at $0.891.
Momentum indicators confirm a strong bearish trend, with oversold conditions and no sign of buyer strength emerging intraday.
The pair is expected to stabilize or decline further within the $0.866–0.916 range, with a potential breakdown below $0.866 accelerating losses.

Weak momentum and oversold signals reinforce downside risk

DOT/USD currently trades below the MA-20 ($0.943) and MA-50 ($0.955) on the hourly chart, with price markedly under the long-term MA-200 at $1.485. The nearest resistance is defined by the Ichimoku Kijun at $0.943. Momentum signals are decisively weak: the MACD and ADX both present a sell bias, RSI sits at 23.942, and oversold conditions are confirmed by both CCI and Stoch RSI. BBP indicates seller dominance, and the Awesome Oscillator confirms a prevailing downtrend, all while DOT trades near the intraday low amid significant volatility.

Sideways bias persists as volatility shapes immediate outlook

The expected trading range for DOT/USD over the next 2–3 sessions is $0.866 to $0.916, reflecting typical volatility relative to current levels. A move above $0.943 would signal the first test of immediate resistance and could lead to higher price targets if successful, whereas a breakdown below $0.866 would likely accelerate further declines. The baseline scenario sees DOT/USD stabilizing sideways within this projected band as selling pressure remains the dominant force.

Viktoras Karapetjanc, expert at Traders Union, sees Polkadot (DOT) under significant technical pressure as it trades well below key moving averages and momentum readings remain weak. He believes current sentiment is dominated by sellers, with oversold signals yet to attract a confident rebound. With no supportive news flow, the asset is likely to consolidate in the $0.866 to $0.916 range unless a breakout above $0.943 occurs. The analyst maintains a constructive outlook but notes caution is warranted due to prevailing volatility. "If DOT manages to reclaim $0.943, I see room for a positive reversal, but until then, sideways movement is my base scenario."

Earlier, analysts noted that Polkadot remained locked in a bearish outlook, with technical indicators pointing toward persistent downside risks. The latest price action and momentum readings not only reinforce this bearish scenario but also highlight the importance of monitoring for a sustained move below $0.866, which could trigger a steeper decline in the sessions ahead.

Source of Data: DOT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.