Polkadot Price Alert: Is $2 the Floor Before a $4.71 Surge?

Polkadot teeters on a knife's edge. The network's native token, DOT, hovers near a critical support zone, sparking a fierce debate: is this the final shakeout before a major rally?

The $2 Question

Market watchers are glued to the charts. A hold above the psychological $2 level could signal a local bottom—a springboard for the next leg up. A decisive break below it, however, would invalidate the bullish thesis and likely trigger another wave of selling. It's a classic high-stakes standoff between accumulation and capitulation.

Anatomy of a Potential Rebound

The technical setup hints at a coiled spring. The projected target for a breakout sits at $4.71, a move that would represent a gain of over 135% from current levels. Such a rally would require a fundamental catalyst—think major parachain adoption, a key protocol upgrade, or a broader market tide lifting all crypto boats. It's a big 'if' in a market that often rewards patience with punishment.

The Verdict: Speculation vs. Signal

Calling absolute bottoms is a fool's errand, usually reserved for newsletter gurus and over-caffeinated Twitter personalities. Yet, the risk-reward calculus here is becoming impossible to ignore for seasoned traders. The path to $4.71 is clear on the charts, but littered with the ghosts of failed breakouts past. In crypto, the only thing more predictable than volatility is the crowd's amnesia about the last crash.

Sellers Maintain Strong Market Control

Crypto analyst ՏᗩᗰIᑌᒪ highlighted a recurring bearish formation now appearing on DOT’s chart. The same setup was last observed on November 29, when DOT swiftly dropped from $2.28 to $1.99 following a key crossover. 

While past performance may not dictate future outcomes, the analyst underscored that “price structures may not repeat perfectly, but they often rhyme.”

Should the pattern unfold similarly, DOT could retest the crucial $2.00 support level, which forms the lower boundary of its ongoing triangle structure. The bearish sentiment is reinforced by DOT’s position below the 20-day EMA, a signal that sellers currently maintain control. 

This technical posture complicates any attempt to reclaim upper resistance levels, particularly the $2.38 barrier. A push toward the broader upside target of $2.88 appears even more challenging under the present trend.

Market watchers suggest that unless DOT regains momentum above the short-term moving averages, downward pressure may continue dictating price behavior.

Also Read | Polkadot Price Shows Strength While Attention Builds Ahead of November Event

DOT Price Prediction for 2025

According to DigitalCoinPrice, DOT could approach the $4.71 threshold by year-end. Market observers also believe Polkadot may attempt to revisit its historical peak of $55.00 in the longer cycle, though such levels require significant structural improvement and broader market support.

According to investor sentiment and industry estimates, DOT is expected to trade between $4.42 and $4.71 during its next growth phase, contingent on improved liquidity and renewed ecosystem expansion. Despite the current technical headwinds, analysts maintain that Polkadot’s fundamental development trajectory continues to attract long-term interest across the blockchain sector.

Also Read | DOT price Alert: Can Polkadot Bounce to $16 After 11% Dip?