The price of Polkadot (DOT), one of the biggest Layer-1 blockchain projects, is below $4.20. As of March 29, 2025, DOT is $4.15, a decline of 4.28% in the last 24 hours, according to CoinMarketCap. The decline follows the broader market trend but raises questions about Polkadot’s near-future trajectory.
Crypto Analysts are divided on what’s next with the DOT price. Some think it could dip below $3.60. Others, however, are anticipating a bullish breakout.
Bearish Sentiment: DOT Could Sink Below $3.60
A Crypto Analyst, GL Crypto recently shared a 4-hour chart analysis of Polkadot (DOT). He warned traders that the Polkadot price could drop below $3.60. According to his tweet to almost 20k followers, DOT is at key support levels where the price might bounce back. However, a more significant drop is likely if these levels do not hold.
The chart shows that DOT is testing key support levels. If the selling continues, it might drop below these levels, setting a new local low.
This prediction matches the current downward trend, as Polkadot (DOT) has lost over 12% of its trading volume over the last 24 hours. This decline may discourage short-term investors, but it could give long-term holders a chance to buy at lower prices.
Bullish Outlook: A Major Breakout Could Send Polkadot to $35
Contrasting the bearish scenario, another Crypto Analyst, Solberg Invest, presents a different narrative. He believes the Polkadot price is forming a bullish pattern similar to the one that preceded last year’s rally. His technical analysis suggests a breakout that could propel DOT toward targets between $20 and $35.
His chart highlights a falling wedge pattern, a common bullish reversal signal. If DOT breaks above its resistance zone, it could trigger a strong rally, mirroring previous market cycles.
Another tweet from self-acclaimed 9-year crypto veteran @quantum_ascend emphasizes the role of market cap dynamics in DOT’s future price action. On March 27, he pointed out that DOT held a market cap of approximately $7.1 billion, ranking #19 among cryptocurrencies. His analysis suggests that if the DOT price follows previous market cycles, it could reach an alt-season target of $35.
This perspective relies on market cap calculations. If DOT regains its previous high values, its value could increase greatly. However, this positive outlook depends on better overall market conditions, which are currently uncertain due to recent economic factors affecting the crypto market.
What Next?
From a technical perspective, DOT traders should monitor the following price levels. The support level at $4.00 is vital; if it gets breached, it could lead to a quicker decline towards $3.60.
Resistance is found in the range of $4.40 to $4.50. If Polkadot recovers, this area will be the initial challenge for a bullish turnaround.
Although a long-run target range of $20 to $35 remains uncertain, it is still lower than the all-time high of $55 set in November 2021 and aligns with historical price patterns and market cycles.
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