Polkadot (DOT) Price Prediction
2024-07-26
Bittime - Polkadot (DOT) price prediction suggests a target of between $5.18 to $12.84 by the end of 2024 with a potential upside to $19.37. However, technical analysis currently indicates a bearish trend and the Fear & Greed Index is at 44. In 2025, the price of DOT is expected to reach $12.54 to $15.04.
Polkadot (DOT) Price Prediction
DOT could reach targets between $5.18 and $12.84 by the end of 2024, with the average price set at $12.48, if positive momentum continues. Polkadot price is predicted to increase by 228 percent in the next twenty-four hours.
It then increased to $19.37 on August 3, 2024. Despite this, technical metrics indicate Bearishness, and the Fear & Greed Index is at 44 fear marks. According to these estimates, over the last thirty days, Polkadot has experienced 14 green days or 47 percent of the total days and price volatility of 7.04 percent. Therefore, now is not a good time to buy Polkadot.
Polkadot (DOT) Price Prediction in 2025
A technical analysis shows that the price of Polkadot may increase in 2025. For 2025, the minimum price of DOT is $12.54 and the maximum price is $15.04. However, the average estimate suggests that the price may reach $14.67.
Latest Analysis of Polkadot (DOT) Trend Development
Investors are gradually accepting lower prices to exit Polkadot, bringing the digital asset into a medium-term downtrend that indicates poor performance and declining investor buying interest. The token gave a negative signal by forming a head and shoulders pattern at the 6.48 level, indicating a possible further decline to the 3.71 level or lower.
Conclusion
With an average price of $12.48, Polkadot (DOT) is projected to reach $5.18 to $12.84 by the end of 2024. The price may increase 228% to $19.37 in the next 24 hours, but technical indicators point to a bearish trend and the Fear Index & Greed at 44. In the last thirty days, Polkadot experienced price volatility of 7.04 percent and fourteen days in the green (4.7%).
Prices are expected to range between $12.54 and $15.04 in 2025, with an average price of $14.67. However, investors are currently likely to sell, leading Polkadot to a downtrend. There is a possibility of a further decline to $3.71. Investors are advised to be careful when market sentiment is negative.
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