Polkadot (DOT) is attracting attention again as traders watch for indications of a price turnaround. After a stretch of uncertainty, the network’s continuous renovations and increased activity have put it in the spotlight. Now, a fresh buy signal on DOT’s 4-hour chart is generating discussions of a resurgence among experts and the crypto community.
Polkadot Price Prediction
DOT currently trades at $3.50 as of April 16, 2025, with a market cap of $5.47 billion and a circulating supply of about 1.57 billion DOT. Even with recent Polkadot price volatility, the coin ranks #21 and remains one of the major cryptocurrencies by market cap. DOT’s trading volume hit $130 million over the past 24 hours, indicating continued interest despite broader market turbulence.
The price of Polkadot is displaying a potential rebound, with the TD sequential indicator showing a buy setup on the 4-hour chart. This setup arises after nine candles fulfill specific criteria, indicating a potential trend reversal.
The TD sequential is regarded for predicting turning moments, and its recent buy signal on DOT suggests the downtrend may be lessening, especially when it aligns with crucial support levels. While not a guarantee, this signal suggests Polkadot’s price might be poised for a rebound.
Polkadot Technical Analysis
While the TD sequential is useful for spotting possible price reversals, combining it with other technical indicators provides a clearer market picture. Polkadot’s Relative Strength Index (RSI) stands at 37.7, showing neutral momentum slightly above oversold levels. The stochastic oscillator at 27.35 likewise displays a neutral attitude, while the MACD is negative at -0.1885, indicating further bearish pressure.
Additionally, the Average Directional Index (ADX) at 30.51 signals a strong trend, though its direction is undetermined. The 200-day EMA around $4.65 works as a major resistance level. Together, these indicators assist traders in confirming signals and limiting false positives, offering a more balanced perspective of DOT’s anticipated price moves.
READ MORE: 72% of Binance Traders Are Long on Dogecoin as Bullish Bets Build
