Polkadot (DOT) Price Prediction 2022 – Will DOT Hit $33 Soon?

Polkadot (DOT) Price Prediction 2022 - Will DOT Hit $50 Soon?
  • Bullish DOT price prediction for 2022 is $10.80 to $32.76.
  • The DOT price will also reach $33 soon.
  • Bearish DOT price prediction for 2022 is $6.05.

In Polkadot (DOT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about DOT to analyze the future movement of the cryptocurrency. 

Polkadot (DOT) Current Market Status

According to CoinGecko, the price of Polkadot (DOT) is $6.46 with a 24-hour trading volume of $315,080,770 at the time of writing. However, DOT has decreased to 2% in the last 24 hours. 

Moreover, Polkadot (DOT) has a circulating supply of 1,154,284,624 DOT. Currently, DOT trades in cryptocurrency exchanges such as Binance, FMFW.io, MEXC, OKX, Coinbase, WhiteBIT, Bybit, Gate.io, and Phemex.

What is Polkadot (DOT)?

Polkadot (DOT) is the native cryptocurrency of the Polkadot ecosystem. Polkadot is a multi-chain blockchain ecosystem home to a network of interoperable sharded blockchains, parachains. The token, DOT,  was launched in August 2020. 

DOT is primarly used as network fees, and grants governance rights to the holders. Furhtermore, Polkadot ecosystem comprises of a core network, relay chain and several parachains. The blockchain utilizes the nominated proof-of-stake (NPoS) consensus to secure the transactions of the blockchain.

Polkadot (DOT) Price Prediction 2022

Polkadot (DOT) holds the 11th position on CoinGecko right now. DOT price prediction 2022 is explained below with a daily time frame.

DOT/USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of Polkadot (DOT) laid out a falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Polkadot (DOT) is at $6.42. If the pattern continues, the price of DOT might reach the resistance level of $6.81, $8.05 and $9.71. If the trend reverses, then the price of DOT may fall to $6.05.

Polkadot (DOT) Support and Resistance Levels

The chart below shows the support and resistance levels of Polkadot (DOT).

DOT/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Polkadot (DOT).

Resistance Level 1$10.80
Resistance Level 2$15.79
Resistance Level 3$23.20
Resistance Level 4$32.76
Support Level$6.05
DOT Resistance & Support Levels

The charts show that DOT has performed a bullish trend over the past month. If this trend continues, DOT might run along with the bulls overtaking its resistance level at $32.76.

Accordingly, if the investors turn against the crypto, the price of the DOT might plummet to almost 6.05, a bearish signal.

Polkadot (DOT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Polkadot (DOT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of DOT lies below the cutoff line, indicating weak participants in the current trend.

DOT/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Polkadot (DOT) is shown in the above chart. Notably, the DOT price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, DOT is in a bearish state. There is a possibility of a reversal trend of DOT at any time.

Meanwhile, the relative strength index (RSI) of the DOT is at a level of 38.54. This means that DOT is in an oversold state. However, this gives confidence to the traders to trade without any fear.

Polkadot (DOT) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Polkadot (DOT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

DOT/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Polkadot (DOT). Currently, DOT lies in the range of 22, indicating a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Polkadot (DOT). RVI measures the constant deviation of price changes over a period of time. The RVI of DOT lies below 50, indicating low volatility. In fact, DOT’s RSI is at 38.54, thus confirming a potential buy signal.

Comparison of DOT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Polkadot (DOT).

BTC Vs ETH Vs DOT Price Comparison (Source: Tradingview )

From the above chart, it can be interpreted that DOT moves in a similar trend with respect to BTC and ETH. When the price of BTC and ETH increase, the price of DOT increases. When the price of BTC and ETH decrease, the price of DOT decreases.

Polkadot (DOT) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Polkadot (DOT) might probably attain $42 by 2023.

Polkadot (DOT) Price Prediction 2024

With several upgrades in the network, Polkadot (DOT) might enter a bullish trajectory. If the coin grabs the attention of major investors, DOT might rally to hit $50 by 2024. 

Polkadot (DOT) Price Prediction 2025

If Polkadot (DOT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, DOT would rally to hit $63.  

Polkadot (DOT) Price Prediction 2026

If Polkadot (DOT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, DOT would rally to hit $75. 

Polkadot (DOT) Price Prediction 2027

If Polkadot (DOT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, DOT would rally to hit $88. 

Polkadot (DOT) Price Prediction 2028

If Polkadot (DOT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, DOT would hit $100.

Polkadot (DOT) Price Prediction 2029

If investors flock in and continue to place their bets on Polkadot (DOT), it would witness major spikes. DOT might hit $115 by 2029.

Polkadot (DOT) Price Prediction 2030

With greater advancements in the Polkadot  Network, the crypto community might continue to invest in Polkadot (DOT) for the next 8 years and drive significant price rallies for the token. Hence, Polkadot (DOT) might hit $145 by 2030.

Conclusion

With continuous improvements in the Polkadot  network, we can say that 2022 is a good year for DOT. For this reason, the bullish price prediction of Polkadot (DOT) in 2022 is $32.76. On the other hand, the bearish price prediction of Polkadot (DOT) for 2022 is $6.05.

Furthermore, with the advancements and upgrades in the Polkadot  Network, the performance of Polkadot (DOT) might hit $33 gaining investors’ attention. It would also rise above its all-time high (ATH) of $54.98 in the near future.

FAQ

What is Polkadot?

Polkadot (DOT) is the native cryptocurrency of the Polkadot ecosystem. Polkadot is a multi-chain blockchain ecosystem home to a network of interoperable sharded blockchains, parachains. DOT was launched in August 2020.

Where can you purchase DOT?

Polkadot (DOT) has been listed on many crypto exchanges which include Binance, FMFW.io, MEXC, OKX, Coinbase, WhiteBIT, Bybit, Gate.io, and Phemex.

Will DOT reach a new ATH soon?

With the ongoing developments and upgrades within the DOT platform, it has a high possibility of reaching its ATH soon.

What is the current all-time high (ATH) of Polkadot?

On November 04, 2021, Polkadot (DOT) reached its new all-time high (ATH) of $54.98.

Is DOT a good investment in 2022?

Polkadot (DOT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of DOT in the past few months, DOT is considered a good investment in 2022.

Can Polkadot (DOT) reach $33?

Polkadot (DOT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Polkadot (DOT) will hit $33 soon.

What will be the DOT price by 2023?

Polkadot’s (DOT) price is expected to reach $42 by 2023.

What will be the DOT price by 2024?

Polkadot (DOT) price is expected to reach $50 by 2024.

What will be the DOT price by 2025?

Polkadot’s (DOT) price is expected to reach $63 by 2025.

What will be the DOT price by 2026?

Polkadot’s (DOT) price is expected to reach $75 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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A perpetual learner who loves writing. Passionate about investing her time and zeal to explore the crypto world. Curiosity and creativity are her superpowers.