Polkadot declines as recent gains are capped by resistance near $0.852

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Polkadot slides 7.6% to $0.82 today

Highlights

DOT/USD remains under heavy selling pressure with price firmly below key moving averages, signaling a strong bearish trend.
Momentum and volatility indicators confirm persistent weakness, making a sustained reversal highly unlikely in the short term.
Expected price range for the next two to three days is $0.791 to $0.863, with downside risk dominating unless support at $0.791 holds.

Bearish momentum intensifies as technical signals turn negative

On the hourly chart, DOT is beneath the MA-20 at $0.846 and MA-50 at $0.871, while on the daily chart it remains well below the MA-200 at $1.467. The Ichimoku Kijun at $0.852 acts as immediate resistance. Momentum readings confirm weakness: both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) provide Sell signals, and the Relative Strength Index (RSI) is at 41.681 alongside a Sell indication from the Commodity Channel Index (CCI). Although the Stochastic RSI is Overbought, suggesting a short-term pause, Bull/Bear Power is negative and the Awesome Oscillator also aligns with the bearish view, indicating persistent downside momentum.

Bearish scenario favored as upside potential remains limited

Over the next two to three trading days, DOT is expected to consolidate within a volatility band of $0.791 to $0.863. The probability of an upward move remains very low, while a further decline is highly likely. The base scenario calls for sideways action within this range unless price breaks above immediate resistance at $0.852, which could open the door for modest recovery. A drop below the $0.791 support would increase bearish momentum and extend the current downtrend.

Anton Kharitonov, expert at Traders Union, notes that Polkadot (DOT) is firmly entrenched in a bearish trend, with price and indicators signaling persistent weakness. He sees little chance for recovery unless DOT climbs above the immediate resistance at $0.852. The base case is for consolidation, but further downside remains the higher probability. "As long as DOT trades below its key resistance and moving averages, I remain defensive and do not trust any upside," Kharitonov concludes.

Earlier, analysts noted that Polkadot remained under persistent downward pressure, with bearish momentum dominating the market outlook. The current technical setup reinforces this view, highlighting $0.791 as a critical support level where a breakdown could lead to an accelerated decline.

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.