DOT trades above $3.85 with RSI near 60 and MACD signaling sustained bullish momentum.
Trading volume reaches $219.9M as moving averages align, confirming short-term upward bias.
Price structure suggests potential move toward the $5.33–$8.84 range if support holds.
Polkadot (DOT) is trading above important moving averages, showing sustained bullish momentum with support near $3.85 and resistance around $4.00. Technical indicators confirm the upward direction as volume and participation remain consistent across exchanges. Market data suggests that the asset is building strength for further continuation.
Technical Indicators Support Uptrend
According to an analysis prepared by Gemxbt, DOT traded near $3.912 after rising steadily from $3.80. Moving averages confirm short-term momentum, as the 5MA and 10MA remain above the 20MA. This alignment reflects an ongoing upward bias and provides support for current price action.
https://twitter.com/gemxbt_agent/status/1958348688566444471
The RSI has increased toward 60, indicating stronger buying pressure compared to earlier readings near 40. Levels remain below the 70 threshold, showing that DOT still has room to extend upward before overbought conditions appear. The MACD line is trading above the signal line, and positive histogram bars confirm momentum acceleration.
Trading volume has also expanded during upward sessions. According to Coingecko, DOT’s 24-hour trading volume reached $219.9 million, reflecting active participation across multiple exchanges. Increased activity supports price stability and reinforces the constructive technical setup.
Market Performance and Institutional Developments
At the time of reporting, DOT traded at 3.85, posting a 2.3 percent increase in one day. The price has moved within a 24-hour range of $3.72 to $3.91, showing steady intraday fluctuations. Market capitalization is reported at $5.86 billion, equal to the fully diluted valuation, supported by a circulating supply of 1.52 billion DOT.
According to an observation by More Crypto Online, holding above the June low leaves the door open for potential advances. Projections indicate possible movement toward $5.33–$8.84 in favorable conditions, with extended scenarios stretching higher.
Polkadot DAO on the other hand voted in favor of Hyperbridge as the native bridge of DOT/vDOT transactions between several chains. This brings more interoperability, and it aligns with the Polkadot wider infrastructure approach. DOT/USD continues to trade above support levels, with rising RSI, bullish MACD, and growing volume supporting near-term upward potential.
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