- Bullish DOT price prediction for 2024 is $5.838 to $8.504.
- Polkadot (DOT) price might reach $20 soon.
- Bearish DOT price prediction for 2024 is $2.859.
In Polkadot (DOT) price prediction 2024, 2025-2030, e will analyze the price patterns of DOT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
POLKADOT (DOT) PRICE PREDICTION 2024 |
|
| POLKADOT (DOT) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Polkadot (DOT) Current Market Status
| Current Price | $4.04 | 24 – Hour Price Change | 1.06% Down |
| 24 – Hour Trading Volume | $118.16M |
| Market Cap | $6.10B |
| Circulating Supply | 1.51B DOT | All – Time High | $55.00 (Nov 04, 2021) |
| All – Time Low | $2.69 (On Aug 20, 2020) |
What is Polkadot (DOT)
| TICKER | DOT |
| BLOCKCHAIN | Polkadot |
| CATEGORY | Web3 |
| LAUNCHED ON | May 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
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, and parachains..
DOT is primarily used as network fees and grants governance rights to the holders. Furthermore, the Polkadot ecosystem comprises 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 24H Technicals
(Source: TradingView)
Polkadot (DOT) Price Prediction 2024
Polkadot (DOT) ranks 16th on CoinMarketCap in terms of its market capitalization. The overview of the Polkadot price prediction for 2024 is explained below with a daily time frame.
DOT/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Polkadot (DOT) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Polkadot (DOT) was recorded at $4.04. If the pattern trend continues, then the price of DOT might reach the resistance levels of $4.157 and $4.637. If the trend reverses, then the price of DOT may fall to the support of $3.972.
Polkadot (DOT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Polkadot (DOT) in 2024.
DOT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Polkadot (DOT) for 2024.
| Resistance Level 1 | $5.838 |
| Resistance Level 2 | $8.504 |
| Support Level 1 | $3.969 |
| Support Level 2 | $2.859 |
DOT Resistance & Support Levels
Polkadot (DOT) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Polkadot (DOT) are shown in the chart below.
DOT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Polkadot (DOT) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $4.326Price = $4.116 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 45.117 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Above cutoff line | Strong Volume |
Polkadot (DOT) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Polkadot (DOT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
DOT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Polkadot (DOT).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 12.594 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 44.10 <50 = Low >50 = High | Low Volatility |
Comparison of DOT with BTC, ETH
Let us now compare the price movements of Polkadot (DOT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs DOT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of DOT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of DOT also increases or decreases respectively.
Polkadot (DOT) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Polkadot (DOT) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Polkadot (DOT) Price Prediction 2025 | $28 | $3.2 |
| Polkadot (DOT) Price Prediction 2026 | $35 | $2.9 |
| Polkadot (DOT) Price Prediction 2027 | $39 | $3.7 |
| Polkadot (DOT) Price Prediction 2028 | $43 | $1.96 |
| Polkadot (DOT) Price Prediction 2029 | $48 | $2.35 |
| Polkadot (DOT) Price Prediction 2030 | $55 | $3.52 |
Conclusion
If Polkadot (DOT) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Polkadot (DOT) price prediction for 2024 is $8.504. Comparatively, the bearish Polkadot (DOT) price prediction for 2024 is $2.859.
If there is a positive elevation in the market momentum and investors’ sentiment, then Polkadot (DOT) might hit $20. Furthermore, with future upgrades and advancements in the Polkadot ecosystem, DOT might surpass its current all-time high (ATH) of $55.00 and mark its new ATH.
FAQ
1. 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.
2. Where can you buy Polkadot (DOT)?
Polkadot (DOT) has been listed on many crypto exchanges which include Binance, OKX, Deepcoin, Bybit, and Cointr Pro.
3. Will Polkadot (DOT) record a new ATH soon?
With the ongoing developments and upgrades within the Polkadot platform, Polkadot (DOT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Polkadot (DOT)?
Polkadot (DOT) hit its current all-time high (ATH) of $55.00 on Nov 04, 2021.
5. What is the lowest price of Polkadot (DOT)?
According to CoinMarketCap, DOT hit its all-time low (ATL) of $2.69 on Aug 20, 2020.
6. Will Polkadot (DOT) hit $20?
If Polkadot (DOT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $20 soon.
7. What will be the Polkadot (DOT) price by 2025?
Polkadot (DOT) price might reach $28 by 2025.
8. What will be the Polkadot (DOT) price by 2026?
Polkadot (DOT) price might reach $35 by 2026.
9. What will be the Polkadot (DOT) price by 2027?
Polkadot (DOT) price might reach $39 by 2027.
10. What will be the Polkadot (DOT) price by 2028?
Polkadot (DOT) price might reach $43 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
