📊 Polkadot (DOT) Technical Market Analysis
Polkadot (DOT) is showing signs of bullish momentum as it attempts to recover from its long downtrend. With strong fundamentals and a growing ecosystem, DOT is positioned for a potential rebound, especially as it gains support above key moving averages.
🔍 Current Status:
Price Range: ~$4.99 to $5.33
Market Cap: $7B+
Volume (24h): $499M
Trend: Reversal from downtrend; forming Higher Highs & Higher Lows pattern.
Support: Candle has closed above the 200 EMA on both 4H and Daily charts – a bullish signal.
✅ Entry Zones (Spot Buy / DCA):
Entry 1 (short-term buy): $4.80 – $4.70
Entry 2 (DCA buy): $3.80 – $3.70
🎯 Targets:
Short-Term:
Target 1: $6
Target 2: $7
Target 3: $9–$12
Mid-Term:
Target: $20–$40
Long-Term (Cycle Target):
Target: $80–$100
❌ Stop Loss:
Below $3.50 (invalidates trend continuation)
📈 Chart Structure:
Bullish crossover on EMA indicators
Price structure flipped from Lower Lows to Higher Lows
Volume building up slowly as accumulation phase continues
📌 Conclusion:
DOT has entered a recovery phase backed by technical breakout and EMA support. Accumulate cautiously during corrections, and scale in with proper risk management. Long-term upside potential remains high if DOT 2.0 gains traction.