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

The price of Polkadot (DOT) has been attracting attention again as traders keep an eye out for any indications of a possible turnaround. After a period of inactivity, the network’s ongoing renovations and increased activity have put it in the spotlight. Now, a fresh buy signal on DOT’s 4-hour chart by the TD sequential is sparking discussions of a resurgence among experts and the crypto community.

Polkadot Price Prediction

DOT is currently trading 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 $DOT is flashing a potential rebound, with the TD Sequential showing a buy setup on the 4-hour chart!

The indicator attempts to predict turning moments in price action, and its bullish signal could indicate that the downtrend is winding down. This setup occurs after nine candles meet specific conditions, suggesting a possible reversal in the near term.

Crucially, the TD Sequential's buy signal on Polkadot coincides with crucial support at the $3.30-$3.20 zone, further supporting the potential for a price bounce. However, it's important to note that this setup alone isn't a certainty of an upcoming rally. It does suggest that the sellers' momentum might be decreasing, setting the stage for a possible shift in favor of buyers. As the indicator's signals are best viewed within broader technical context, considering other technical indicators alongside the TD Sequential's buy setup could provide a more nuanced view of Polkadot's anticipated price move.

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.