- The trading volume of the Polkadot crypto has jumped by 61% in the past 24 hours.
- Polkadot crypto’s price has dropped by 25% in the past month.
The Polkadot (DOT) cryptocurrency’s price has been in a bullish trend since October. It rose by 130% till December and the trend was interrupted near the $10 hurdle. The DOT crypto price has witnessed selling pressure for the past 2 months.
Current Price – $6.96 Fear & Greed Index – 66 (greed)
Market cap – $8.88 billion Price Prediction – $6.47 (-6.22%)
Volume – $224.33 million Green Days – 16/30 (53%)
Sentiment – Bullish 200-day EMA – $6.06
Volatility – 6.55% RSI – 50.92
According to our technical analysis, the Polkadot price is predicted to drop 6.22% to reach $6.47 by February 13, 2024. The fear and greed index is 66 (greed) and the volatility is 6.55%. The Polkadot crypto price has performed positively for 16 days in the past 30 days.
The market capitalization of Polkadot is $8.88 billion and according to the market cap, it ranks 13th in the cryptocurrency market. The 24-hour trading volume of DOT is $224.33 with a rise of 61%.
DOT Crypto Price Technical Analysis Over Daily Timeframe
On a daily time frame, the Polkadot crypto price has been declining by facing resistance from the declining trendline. The DOT crypto price has given a breakout and closed over the trendline.
If the Polkadot crypto price manages to sustain over the trendline, buyers may become confident and a positive momentum can be initiated. If the price enters the $8 hurdle, it may approach the last swing high in the next few weeks.
However, if the Polkadot price fails to sustain over the trendline and slips below the trendline, the buyers may get trapped and face stop losses, resulting in a sharp fall. If the Polkadot price slips below the 100-day moving average, it may easily melt to $5.70.
The current market price of Polkadot crypto is $6.98 with an intraday gain of 0.58%. The circulating supply of Polkadot crypto is 1,276,581,749 DOT and the fully diluted market cap is $9.84 billion. The total supply of this cryptocurrency is 1,408,842,251 DOT.
Polkadot Price Prediction FAQs
What is the DOT price prediction today?
The Polkadot price is predicted to gain 1.88% to reach $7.06 by today.
What is the Polkadot price forecast for tomorrow?
According to our technical analysis, the Polkadot crypto is predicted to gain 2.78% to hit $7.18 by tomorrow.
What is the DOT price prediction for this week?
Based on our analysis, the DOT crypto price seems to perform positively as per the price action. The price may consolidate between $6.84 to $7.64 by this week.
What is the current DOT price sentiment?
The current Polkadot crypto price prediction sentiment is bullish.
Conclusion
Based on the technical analysis and market trends, the Polkadot price is predicted to drop to $6.47 by February 13, 2024. However, the Polkadot crypto seems to perform positively for the upcoming week and may consolidate between $6.84 to $7.64. The current sentiment for Polkadot is bullish with a fear and greed index of 66 (greed).
Technical Levels
Resistance: $8.10 & $9.50
Support: $6.60 & $5.70
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.