Polkadot Price Analysis: DOT Jumps 15% Amid Sustained Buying; Are You Holding?

Published by
Polkadot Price Analysis: DOT Jumps 15% Amid Sustained Buying; Are You Holding?

The Polkadot price analysis shows that the price continues to grind higher. This is the second-straight day for gains in Polkadot. The price witnessed strong buying momentum after testing the swing lows of $6.52 made on Tuesday. In the past two-session, the coin has received much positive attention and has increased to a significant degree.

  • Polkadot price prints impressive gains as buying momentum sustain.
  • A decisive break above $8.00 would bring more gains in the coin.
  • The price rebounds from the vital support of $6.50.
Advertisement

Dot price trades near crucial level

Source: Trading view

On the daily chart, the Polkadot price has been facing resistance near the bearish slopping line extending from $9.5. However, the downside is capped near the $6.25 level. A strong buying momentum is required to breach the resistance of $8.05.

The bulls are punching the price toward the descending trend line. The Polkadot price analysis reveals the market volatility to follow an uncertain price movement.

The DOT/USD approaches the 50-day exponential moving average (EMA), if that happens the price could jump toward $8.50.

The RSI (14) has crossed over the average line and is expected to move higher. It currently reads at 56.

1-hour time frame points to more gains

Source: Trading view

On the hourly time frame, the DOT price gave a good impulse move of more than 15% from the lows of $6.73. After testing the highs of $7.93, the price retraced but moved up quickly toward the session’s high. This indicates the presence of buyers near the lower levels.

The MACD indicator shows the receding bullish momentum. As the histogram bars started to decline line.

The RSI (14)  is neither showing weakness nor bullishness, indicating a sideways to a slightly positive trend.

Conclusion

DOT is looking the slightest positive, on a higher time frame. But on the lower time frame, DOT is still negative. This, asking to wait for more confirmation before placing an aggressive bid.

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025
  • Price Analysis

PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?

The PUMP price has regained market attention following renewed whale activity and a confirmed breakout…

October 24, 2025
  • Price Analysis

Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide

Dogecoin price has crashed in the past few weeks as it moved into a bear…

October 23, 2025
  • Price Analysis

Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?

The Solana price has regained stability above $180 after several volatile weeks. SOL price continues…

October 23, 2025