Polkadot (#DOT ) Technical Analysis

As of Saturday, April 26, 2025, technical analysis of Polkadot (DOT) presents a mixed picture, with short-term bullish signals contrasting with longer-term bearish trends. Here's a breakdown:

📛 Current Price and Recent Performance:

The current price of Polkadot is hovering around $4.31, showing a slight increase of approximately 2.78% in the last 24 hours.

Over the past week, DOT has experienced a significant positive change of 16.64%.

〽️ However, the longer-term performance shows a decline, with a -8.66% change over the last month and a substantial -38.78% decrease over the past year.

〽️ Compared to its all-time high of $55.134, DOT is currently trading significantly lower.

📛 Key Technical Indicators:

〽️ Moving Averages: On the four-hour timeframe, DOT is in a bullish trend as the 50-day moving average slopes upwards.

〽️ However, the 200-day moving average on the four-hour timeframe is sloping downwards, indicating a weak long-term trend.

〽️ On the weekly timeframe, both the 50-day and 200-day moving averages are sloping downwards and are above the current price, suggesting bearish pressure in the medium to long term.

📛 Relative Strength Index (RSI):

〽️ The RSI is currently above the neutral zone (30-70), indicating overbought conditions in the short term. However, it's noted that the price can remain in this state for a while.

〽️ A bearish divergence has been observed in the last 14 candles, which could be a weak signal for a potential price reversal.

📛 MACD:

〽️ The MACD line is still below the MACD signal line, indicating bearish momentum, but the rising MACD histogram bars suggest that the downward momentum might be bottoming out.

📛 Support and Resistance Levels:

Current Support Levels: $3.73118, $3.73849, $3.7437

🔻 Current Resistance Levels: $3.76927, $3.77396, $3.77692

Nearest Support Zone: Around $3.90

🔺️ Nearest Resistance Zones: $5.00, then $6.50