According to recent analyses, Polkadot shows signs of a robust structure, indicating a potentially bullish trend for the week to come.
In a recent market update, CryptonautX highlighted a notable bullish momentum for Polkadot (DOT). The digital asset appears to be positioning for a strong move in the days ahead due to building momentum and aligning technical indicators.
At the time of writing, DOT is trading at $3.62, with a market capitalization exceeding $5.8 billion and a 24-hour trading volume of over $185.4 million. The price of DOT has increased by 1.82% within the same time frame.
The shift in Polkadot's price action is highlighted by a series of higher lows and solid daily candle formations. This strengthening price action suggests that DOT is building the foundation for a more sustained rally, provided buyers maintain control in the coming sessions.
Key levels are being retested by Polkadot, which could serve as launch points for continued bullish action. The rejection zones that previously capped DOT's price are being tested again with increased volume and greater conviction from buyers. A successful hold or break above these areas may confirm the strength of the current trend.
If the current momentum holds, Polkadot could enter a fresh phase of accumulation followed by a strong expansion. The breakout of Polkadot reflects renewed market confidence and strength. The continued strength of Polkadot's ecosystem, including growing developer activity and fundamental progress within the network, is reinforcing the technical setup.
The market structure is steadily shifting in favor of the bulls. However, it's important to note that predictions for 2025 vary widely, ranging from conservative stagnation around $3.5–$5 to bullish scenarios of $7–$14+ driven by Web3 growth, multichain adoption, and technical upgrades.
In the short term, DOT is priced around $3.69 to $3.80, with a short-term target range of approximately $4.10 to $4.40 within 2–3 weeks if the support level near $3.50 holds. The RSI is neutral (~50), and there is a slight bullish divergence on the 4-hour MACD chart, signaling mild upward momentum.
Trading volume is currently low but stable, with spikes linked to institutional buying driving a 4% price increase recently. Strong support is at about $3.50–$3.68, with resistance levels around $4.00 and $4.40. A clear break above $4.40 could propel DOT toward $5.00.
However, that would likely depend on positive momentum in larger market drivers, such as Bitcoin or Ethereum. There is cautious optimism with mixed forecasts; some analysts project a conservative price ceiling around $5 in 2025, while others consider longer-term bullish potential reaching double digits ($14+) based on multichain demand and network upgrades like the Sinai Upgrade boosting functionality and user adoption.
In conclusion, as per CryptonautX's update and corroborating market analysis, Polkadot (DOT) appears to be in a delicate recovery phase at modest price levels around $3.70, with a cautious bullish bias contingent on holding support near $3.50 and breaking resistance near $4.40 in the near term. Institutional buying and network developments provide positive signals, but broader crypto market momentum will be key for more sustained gains.
- Investors interested in the Defi and crypto market should keep an eye on Polkadot's trading performance, as its price action is building a strong foundation for a potential rally.
- The current strength of Polkadot's ecosystem, inclusive of growing developer activity and fundamental progress within the network, reinforces the bullish technical setup for the coin.
- As CryptonautX's update suggests, the success of Polkadot's price movement in the days ahead may hinge on positive momentum in larger market drivers, such as Bitcoin or Ethereum, while institutional buying may contribute to further COIN price increases.
