Polkadot (DOT) is currently trading around $3.34, reflecting a 5.11% decline in the past 24 hours. The drop follows yesterday’s bullish breakout above $3.34–$3.44, which set the stage for support but failed to hold, leading to a pullback .
In this article, we will look at Polkadot crypto next target and technical analysis and latest news.
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Polkadot Next Target
- Current Price: $3.34
- 24h Price Change: –5.11%
- 24h Range: $3.34 – $3.56
- Market Cap: ~$5.22 billion
- 24h Trading Volume: ~$202.8 million
- Circulating Supply: ~1.52 billion DOT
Price is in a Downtrend (made a new 52-week low), trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout, ideally above $3.70, with +25% potential upside to $4.50 thereafter.
This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Key Technical Indicators
- RSI (~14): Currently in neutral-to-bearish zone (below 50)
- MACD: Mixed—some fading of bullish momentum following pullback
- Support Levels: $3.25 (seen Jul 2), then $3.16 (mid-June consolidation)
- Resistance Levels: $3.44–$3.56 (recent swing highs), then $3.90–$4.00
- Trend: Short-term pullback within broader consolidation after breaking resistance
Latest Polkadot News & Developments
- Pullback After Breakout:
Following a 6% rally and breakout past key resistance, DOT retraced as profit-taking set in around July 3 . - Support Holds:
Volume-backed support emerged near $3.25, offering a base for potential renewed upward pressure . - Polkadot 2.0 Roadmap Moves:
Preparations for the Polkadot 2.0 shift—focusing on application-centric parachains and core-time marketplace—are progressing, which could attract developer and institutional interest .
👉 Short‑Term Forecast: Neutral to Slightly Bullish (if current support holds)
📉 Risk Level: Moderate – watch for macro sentiment and roadmap updates
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