Polkadot Price Prediction: 2024, 2025, 2030

DOT price prediction: Key highlights

1. Primary support and resistance levels

• $2.0 can be anticipated as the lowest price floor on the weekly chart.
• The high resistance at $10.2 made it challenging for the price to rise.

2. Market sentiment

• DOT’s market sentiment for September 2024 is seen to be bearish.

3. Predictive forecasts

• According to our AI/ML predictive algorithms, the average price for DOT is projected to be around $11 by 2029 and $25 by 2035.

Stay updated on DOT’s future trajectory via an in-depth weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

DOT technical analysis: Is the token headed towards more lows?

DOT’s price trajectory reflected the broader market’s ups and downs. As investors navigate recent volatility, the Polkadot price prediction for 2024 can be helpful. The initial period was characterized by the bulls’ inability to stabilize at $4.0.
 

Due to the lack of buying pressure, the price bottomed out at the lowest support, $3.6, in mid-October. A wider market bull run succeeded this.
 

This uptrend elevated the asset over substantial resistance levels. By December, it challenged $7.5 and moved past it by mid-month. Nonetheless, the asset’s overbought condition triggered a correction to $6.5 by January. 
 

Additionally, February saw renewed optimism injected into the market. The buyers flipped $7.5 and propelled the asset to a double-digit valuation, testing the yearly high resistance at $10.2 in early March.

However, this peak triggered profit-taking. In the subsequent weeks, selling pressure intensified, pushing DOT back to $6.5 by early April. Following this, the price remained range-bound between this level and $7.5.

Like many altcoins, the Q2 2024 consolidation was succeeded by a bearish breakdown. Consequently, the asset dropped to $5.5 in mid-June and consolidated again between this base and the resistance at $6.5. 

The bears emerged victorious again and flipped $5.5 into resistance by the end of July. The token lost all 2024 gains in early August and was trading at late October’s values. Nevertheless, the broader market recovery triggered a slight price uptick mid-month, which was unsustainable.

By September, the price retested the $4.0 support. As the analysis ended, DOT exchanged hands at $4.1.

AMBCrypto recently revealed that the token breached a bearish flag pattern in a shorter time frame. As the threat of further declines lingers, a bearish flip of the current support would lead to a prolonged downtrend.
 

A market reversal could occur if DOT maintains support at $3.8 on the daily chart. Failing that, it might decline toward the lowest yearly support. Another analysis concurred, suggesting that if the $4.0 level isn't sustained, DOT could drop to or below its historical low of $2.0.
 

Conversely, AMBCrypto outlined key developments that could turn the token bullish in Q4 2024. Reclaiming the $5.5 level could indicate the beginning of a recovery phase. Moreover, continued northbound movement can lead to a retest of the highest resistance within the year. 

Our predictive models offer a grim outlook for DOT's valuation. By 2029, the average price of DOT is estimated to reach $11. This uptrend is expected to continue, with projections suggesting DOT’s average price elevating as high as $25 by 2035.

DOT's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained low until Q4 2023. Afterward, it started moving in correlation with the price. Moreover, the volume receded from mid-April, stooping to its earlier lows.
• The Awesome Oscillator (AO) crossed the zero line in late November and retraced its steps by June. It stood at -2.363 at press time, painting a bearish picture for the asset.
• The Bollinger Bands’ expansion from late 2023 was triggered by the candles moving above the 20-week Moving Average (MA). The bands widened further as the candles frequently crossed the upper band until March. 
• In mid-April, the 20 MA was reinstated as resistance, slightly contracting the bands. However, the price’s contact with the lower band in August reversed this. These dynamics pointed to substantial selling pressure on the asset.