Polkadot struggles to break resistance as sellers dominate | Credit: Hameem Sarwar
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Key Takeaways
DOT consolidates in a tightening range with weakening momentum.
Indicators turn bearish, signaling rising downside risk for Polkadot.
Failure to hold support could trigger an extended price decline.
Polkadot (DOT) continues to struggle for directional clarity as its price moves sideways within a tightening range, reflecting growing uncertainty.
Despite brief attempts to recover, the broader market structure remains weak. Additionally, key indicators now suggest mounting bearish pressure.
With momentum indicators turning negative and price action showing signs of exhaustion, the altcoin appears vulnerable to further downside.
What’s next for the DOT coin price?
Polkadot Faces Bearish Pressure
The Money Flow Index (MFI) from the 4-hour timeframe indicates that the asset is currently at 52.13, reflecting a neutral-to-slightly bearish shift in momentum.
Although the MFI is above the midline, it has not produced strong inflows, indicating that buyers are not accumulating aggressively.
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Meanwhile, the Awesome Oscillator (AO) reinforces this weakening sentiment. With the AO hovering near -0.046, bearish momentum appears to be slowly strengthening.
The histogram staying below the zero line confirms fading bullish pressure and increases the likelihood of a downward continuation if buyers fail to act soon.
While consolidation persists, momentum indicators and market structure continue to lean toward the bearish side unless Polkadot’s price produces a clear breakout signal.
The cryptocurrency remains caught between the $3.00 resistance zone and the $2.45 support level, forming a narrowing range that suggests an impending decisive move.
However, current indicators suggest sellers maintain the advantage. If this remains the same, Polkadot’s price will likely struggle to break the resistance line.
DOT Price Analysis: Sellers in Control
On the daily chart, Polkadot’s price stays constrained in a downtrend, with potential for more declines.
Its Moving Average Convergence Divergence (MACD) reflects a bearish pattern as the 26-day EMA (orange) crosses over the 12-day EMA while red histogram bars fade.
Although the bars are lighter, the indicator remains deeply in negative territory.
This setup indicates that DOT maintains strong downward momentum, and buyers have yet to demonstrate significant interest.
Similarly, the Relative Strength Index (RSI) sits at 32.20, close to the oversold region. RSI hovering this low signals weak buying strength and adds to the bearish picture.
If it drops further into oversold territory, DOT’s price could face more selling pressure before any meaningful rebound appears.
On the Fibonacci retracement level, DOT consolidates close to the zero Fib mark.
In recent days, the cryptocurrency has not broken past its support and resistance zones.
If the DOT coin price falls below its current support level, the token could experience further declines.
However, if it breaks past its current resistance level, the token could move toward the 0.236 Fib level at $2.94, which also acts as its next resistance.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
