Polkadot (DOT) 24-Hour Forecast
📊 Market Snapshot
Current price: 5.06 USD
24 h change: +0.47%
🔍 Technical Momentum
DOT has broken above its daily pivot at 5.00 USD and holds above the 50‑ and 200‑day moving averages. RSI sits at ~62, pointing to further upside before overbought levels. MACD recently crossed bullish, and on‑balance volume is rising with price. Expect DOT to climb toward 5.50 USD if it sustains above the 5.00 USD support.
🌐 On-Chain Strength
Daily transactions topped 20 million, up 35% in recent weeks. Active accounts rose to 9.5 million, reflecting growing network use. Real‑world asset tokenization on Polkadot surged to $500 million, driving demand for DOT as the settlement currency.
💼 Institutional Flows
Futures open interest jumped to 483 million DOT, and funding rates turned positive, showing bullish positioning. Major firms like Franklin Templeton and Mastercard are leveraging Polkadot rails, boosting DOT utility.
🧠 Market Mood
Crypto Fear & Greed sits at 73 (Greed), highlighting investor optimism. Social chatter around Polkadot’s new EUR stablecoin and smart‑contract upgrades is trending positive.
🌍 Macro Tailwinds
US dollar eased slightly (DXY ~100.2), while equities held steady. A softer dollar historically supports altcoin rallies. No major regulatory or security shocks are pending for Polkadot.
📈 Price Target
As per data, DOT is expected to increase to 5.50 USD within 24 hours.
