NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Polkadot Extends Decline, Can Bulls Defend $5.15 Support?

anushsamal
anushsamal
1 year ago
2 mins read
Polkadot

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Polkadot price analysis continues to indicate a bearish outlook as the market undergoes a notable decline. Within the past 24 hours, the asset’s price experienced a slight decline, demonstrating sideways movement under the influence of bearish sentiment.

On a weekly timeframe, there has been limited movement in the price of DOT. In terms of technical indicators, DOT has exhibited bearish strength, with low buying pressure. Both demand and accumulation levels have decreased based on the daily chart.

Related Reading

Bitcoin Bear

Bitcoin Bearish Signal: NUPL Finds Rejection At Long-Term Resistance

1 year ago

Given the indecisiveness in Bitcoin’s chart, many altcoins, including DOT, have either remained constrained under immediate resistance levels or have entered consolidation phases. It is crucial for DOT to maintain a price level above its immediate support to avoid the possibility of another substantial decline in upcoming trading sessions.

If selling pressure intensifies, there is a risk of the altcoin breaking below its crucial support level. The declining market capitalization of Polkadot indicates that sellers are still exerting control over the asset.

Polkadot Price Analysis: One-Day Chart

Polkadot
Polkadot was priced at $5.29 on the one-day chart | Source: DOTUSD on TradingView

As of the current writing, DOT is being traded at $5.29, with Polkadot hovering near its critical support level of $5.15. Should the price fall below this level, it may further decline to $5. On the upside, a significant resistance level is observed at $5.40.

If DOT bulls manage to surpass this resistance, it could potentially trigger a rally towards $5.71, indicating a 6% appreciation.

Further progress could then lead the price into the $6 range. Notably, the trading volume of DOT in the last session was relatively low. This suggested that buying strength was weaker compared to selling pressure.

Technical Analysis

Polkadot
Polkadot noted a fall in buying strength on the one-day chart | Source: DOTUSD on TradingView

During the months of April and May, the demand for DOT remained relatively weak. Analysis shows that the Relative Strength Index (RSI) remained below the 40-mark, indicating that selling pressure outweighed buying pressure in the market.

Additionally, DOT remained below the 20-Simple Moving Average (SMA), further affirming the dominance of sellers in driving the price momentum.

However, if DOT manages to surpass the $5.30 mark, it has the potential to climb above the 20-SMA line. This could potentially attract buyers back into the market and shift the overall sentiment in a more positive direction.

Polkadot
Polkadot depicted low buy signals on the one-day chart | Source: DOTUSD on TradingView

As demand for DOT declined, the altcoin exhibited decreasing buy signals on its one-day chart. The Moving Average Convergence Divergence (MACD), which represents price momentum and trend reversal, displayed declining green histograms, indicating a weak buy signal for DOT.

Furthermore, the Bollinger Bands, which illustrate price volatility and fluctuations, exhibited constriction, indicating a range-bound movement.

Related Reading

Bitcoin

Bitcoin Hangs At $26,200: Why This Is A Crucial Support Level

1 year ago

The upcoming trading sessions hold importance for DOT as they will determine whether the price breaks out above or below the crucial support line.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum

Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says

Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling...

Ash Tiwari 10 hours ago
Bitcoin

Metaplanet Becomes A Global Bitcoin Powerhouse with 20,000 BTC Hoard, More Buys Ahead?

In a notable achievement, Metaplanet has made headlines by significantly expanding its Bitcoin treasury, reaching a total of 20,000 BTC....

Godspower Owie 11 hours ago
dogecoin_doge_dogeusd_5_optimized

Dogecoin Price Set For Explosive Rally If This Structure Holds

The Dogecoin price is at a significant decision point on the chart, and according to a new analysis posted on...

Sandra White 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum-5200-breakout-bitcoin-hyper-presale-fomo-1300m-tw

以太坊預測將突破5200美元!Bitcoin Hyper預售狂吸1300萬美元引爆FOMO搶購

Mark Mak 5 hours ago
Solana SOL SOLUSD

Solana Bulls Eye $300 as Alpenglow Upgrade Sparks Institutional Interest

James Halver 6 hours ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Christian Encila 7 hours ago

Premium Sponsors

Press Releases

  • 12億ドルの売り越し、市場は調整局面に突入か?

    イーサリアム...

    11 hours ago
  • ビットコイン...

    12 hours ago
  • シバコイン 今後の行方

    シバコイン...

    12 hours ago
  • パイネットワーク...

    12 hours ago
  • 1 najbolja kriptovaluta za kupiti prije nego što poraste za 3.536%, prema Cathie Wood (ARK Invest)

    1 najbolja kriptovaluta za kupiti prije nego što poraste...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.