Polkadot (DOT) Price Prediction 2022 – Will DOT Hit $48 Soon?

• Bullish DOT price prediction is $10.80 to $32.76.
• The DOT price will also reach $48 soon.
• DOT bearish market price prediction for 2022 is $6.53.

In Polkadot (DOT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about DOT to analyze the future movement of the cryptocurrency. 

Polkadot (DOT) Current Market Status

According to CoinGecko, the price of Polkadot (DOT) is $7.05 with a 24-hour trading volume of $250,469,037 at the time of writing. However, DOT has increased to 0.48% in the last 24 hours. 

Moreover, Polkadot (DOT) has a circulating supply of 1,111,167,685 DOT. Currently, DOT trades in cryptocurrency exchanges such as  Binance, Bybit, OKX, FTX, and Bitget.

What is Polkadot (DOT)?

A next-generation blockchain procedure, Polkadot connects an entire system of purpose-built blockchains, allowing employees to work seamlessly together and at scale. Moreover, the fact that Polkadot enables any information to be sent at all between the blockchain means allowing it to be applied to an incredible range of actual use scenarios.

Polkadot is a sharded blockchain, which means that it connects several chains in a single system, allowing them to conduct transactions in parallel and exchange data among chains while maintaining high levels of privacy and security.

Polkadot (DOT) Price Prediction 2022

Polkadot (DOT) holds the 11th position on CoinGecko right now. DOT price prediction 2022 is explained below with a daily time frame.

 The above chart of Polkadot (DOT) laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

Therefore, this pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Polkadot (DOT) is at $7.05. If the pattern continues, the price of DOT might reach the resistance level of $7.77, and $9.56. If the trend reverses, then the price of DOT may fall to $6.83.

Polkadot (DOT) Support and Resistance Levels

The chart below shows the support and resistance levels of Polkadot (DOT).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Polkadot (DOT).

• Resistance Level 1 – $10.80
• Resistance Level 2 – $15.79
• Resistance Level 3 – $23.20
• Resistance Level 4 – $32.76
• Support Level  – $6.53

The charts show that DOT has performed a bullish trend over the past month. If this trend continues, DOT might run along with the bulls overtaking its resistance level at $32.76.

Accordingly, if the investors turn against the crypto, the price of the DOT might plummet to almost $6.53, a bearish signal.

Polkadot (DOT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Polkadot (DOT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of DOT lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of Polkadot (DOT) is shown in the above chart. Notably, the DOT price lies below 50 MA (short-term), so it is entirely in a downward trend. Currently, DOT is in a bearish state. There is a possibility of a reversal trend of DOT at any time.

Meanwhile, the relative strength index (RSI) of the DOT is at a level of 36.57. This means that DOT is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.

Polkadot (DOT) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Polkadot (DOT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Polkadot (DOT). Currently, DOT lies in the range of 15.87, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Polkadot (DOT). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of DOT lies below 50, indicating lower volatility. In fact, DOT’s RSI is at 36.57, thus confirming a potential sell signal.

Comparison of DOT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Polkadot (DOT).

From the above chart, we can interpret ETH, BTC, and DOT are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and DOT also increase or decrease respectively.

Polkadot (DOT) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Polkadot (DOT) might probably attain $55 by 2023.

Polkadot (DOT) Price Prediction 2024

With several upgrades in the network, Polkadot (DOT) might enter a bullish trajectory. If the coin grabs the attention of major investors, DOT might rally to hit $68 by 2024. 

Polkadot (DOT) Price Prediction 2025

If Polkadot (DOT) sustains major resistance levels and continues in recognition as a better investment option among investors for the next 3 years, DOT would rally to hit $70.  

Polkadot (DOT) Price Prediction 2026

If Polkadot (DOT) sustains major resistance levels and continues in recognition as a better investment option among investors for the next 4 years, DOT would rally to hit $83. 

Polkadot (DOT) Price Prediction 2027

If Polkadot (DOT) sustains major resistance levels and continues in recognition as a better investment option among investors for the next 5 years, DOT would rally to hit $97. 

Polkadot (DOT) Price Prediction 2028

If Polkadot (DOT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, DOT would hit $101.

Polkadot (DOT) Price Prediction 2029

If investors flock in and continue to place their bets on Polkadot (DOT), it would witness major spikes. DOT might hit $113 by 2029.

Polkadot (DOT) Price Prediction 2030

With greater advancements in the Polkadot ecosystem, the crypto community might continue to invest in Polkadot (DOT) for the next 8 years and drive significant price rallies for the token. Hence, Polkadot (DOT) might hit $128 by 2030.

Conclusion

With continuous improvements in the Polkadot network, we can say that 2022 is a good year for DOT. For this reason, the bullish price prediction of Polkadot (DOT) in 2022 is $32.76. On the other hand, the bearish price prediction of Polkadot (DOT) for 2022 is $6.53.

Furthermore, with the advancements and upgrades in the Polkadotecosystem, the performance of Polkadot (DOT) might hit $48 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $54.98 in the near future.

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Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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