#Polkadot

#PhanTichKyThuat

#ChienLuocGiaoDich

#ThiTruongCrypt

#DauTuTienDienTu

📌 Market Overview

  • Current price: $5.18

  • 24h Volatility: +3.24%

  • Highest price of the day: $5.34

  • Lowest price of the day: $5.00

  • Market capitalization: Data not available

  • 24h trading volume: Data not available

  • All-time high (ATH): $53.31 (November 2021)

Polkadot is experiencing strong growth, with a price increase of over 3% in the last 24 hours. This momentum is driven by increasing interest from investors and positive news from the market.

📈 Technical Analysis

  • Near resistance: $5.47, $5.63, $5.95

  • Strong support: $4.98, $4.66, $4.50

  • RSI (4H): Near 70 – overbought region

  • MACD: Approaching bullish crossover

  • 50-day SMA: Expected to reach $5.00 by May 15, 2025

  • 200-day SMA: Expected to reach $4.80 by May 15, 2025

The 4-hour chart shows DOT is in a strong upward trend, with technical indicators supporting this momentum. However, the high RSI indicates caution is needed for potential short-term corrections.

📊 Trading Strategy

Scenario 1 – Open Long Position

  • Entry reason: Price surpasses the resistance level of $5.00 with strong trading volume, confirming an upward trend.

  • Entry zone: $5.00 – $5.10

  • Stop-loss (SL): $4.85 (Below the nearest support)

  • Take-profit 1 (TP1): $5.50

  • Take-profit 2 (TP2): $6.00

  • Probability of success: 75% (Based on strong technical signals and cash inflow)


    Scenario 2 – Open Short Position

  • Entry reason: Price cannot maintain above $5.50 and shows signs of a downward reversal.

  • Entry zone: $5.50 – $5.60

  • Stop-loss (SL): $5.70 (Above the nearest resistance)

  • Take-profit 1 (TP1): $5.20

  • Take-profit 2 (TP2): $5.00

  • Probability of success: 65% (Based on potential correction after strong upward momentum)

Note: The market is in an exuberant state; tight risk management is necessary and close monitoring of technical signals is required.

📰 Breaking News

  • SEC delays decision on Grayscale's Polkadot ETF: The U.S. Securities and Exchange Commission (SEC) has extended the deadline for the decision on Grayscale's Polkadot ETF proposal to June 11, 2025, indicating increasing interest in DOT-related investment products.

  • Price forecast for DOT in 2025: Experts predict DOT could reach $5.79 by May 16, 2025, with strong growth potential if the current trend continues.

🔗 Trade DOT

Trade now on Binance

$DOT