📈 Price Overview & Market Data
Current Price: $4.50
24h Trading Volume: ~$306 million
Market Capitalization: ~$7.1 billion
24h Volatility: +11.08%
7-day Volatility: +8.5%
30-day Volatility: +6.5%
Lowest Price of the Year: $3.25 (04/09/2025)
Data Source: Binance, CoinGecko
📰 Top News in the Last 24 Hours
Decentralized Lugano Event: On May 8, Polkadot participates in the seminar 'Building the Future of Web3 with Substrate', highlighting the role of Substrate in Web3 development.
Technical Issue: Currently, Polkadot is experiencing issues causing longer and unstable parachain block creation times. The technical team is investigating and resolving.
📊 Multi-Timeframe Technical Analysis
⏱️ 15M & 1H Time Frame
RSI(14): ~78 – overbought region
MACD: Positive, histogram widening
Volume: Surge, confirming uptrend
Analysis: Price breaks out of the downward pattern, may have slight correction before continuing to rise.
⏱️ 4H Time Frame
Pattern: Falling wedge – bullish reversal signal
Near Resistance: $4.59 – $5.02
Near Support: $4.00 – $4.30
Analysis: If it breaks $4.59 with high volume, the next target is $5.20 – $5.50.
📅 1D Time Frame
EMA 50: $4.11
EMA 200: $5.02
MACD: Bullish crossover
RSI(14): ~58 – neutral
Analysis: Price is testing EMA 50, if it breaks above EMA 200, it will confirm a long-term uptrend.
💼 Suggested Trading Strategy
📌 Spot
Entry: When price exceeds $4.59 with high volume
Take Profit: $5.20 – $5.50
Stop Loss: Below $4.30
📌 Futures
Long Entry: When price exceeds $4.59 with confirming volume
Take Profit: $5.20 – $5.50
Stop Loss: Below $4.30
Note: Manage risk tightly due to high volatility.
📅 Short & Medium Term Forecast
May 2025: Target $5.20 – $5.50 if it breaks resistance at $4.59 with high volume.
End of 2025: Price may reach $8 – $10 if the uptrend is maintained.
If you found this article helpful, support the author by:
Click on the coin chart to open a trade.
Press follow for daily updates on the latest analysis.