The post DOT Price Tests $4 Support as Polkadot Faces Mixed Technical Signals appeared on BitcoinEthereumNews.com.

Timothy Morano
Jul 28, 2025 19:19

Polkadot (DOT) trades at $4.03 after a 3.57% decline, with neutral RSI and bearish MACD suggesting consolidation ahead of next major move.

Quick Take • DOT currently trading at $4.03 (-3.57% in 24h) • Polkadot’s RSI sits neutral at 50.14 while MACD shows bearish divergence • Recent 7% decline recovery demonstrates strong institutional buying interest What’s Driving Polkadot Price Today? The DOT price action over the past week tells a story of resilience amid volatility. Following a sharp 7% decline that pushed DOT to $3.91 on July 24th, the token demonstrated remarkable recovery strength, bouncing back to $4.08 on high trading volumes. This rebound highlighted significant institutional buying interest, suggesting major players viewed the dip as an accumulation opportunity. However, today’s 3.57% decline brings DOT back to $4.03, indicating ongoing consolidation as the market digests recent gains. The current trading range of $3.98 to $4.31 over the past 24 hours reflects this uncertainty, with volume on Binance spot reaching $31.12 million. The release of Polkadot’s Q2 Treasury Report on July 23rd provided transparency into the network’s financial health, revealing a substantial $106 million balance sheet with $76 million available for strategic spending. While this news had minimal immediate price impact, it reinforces Polkadot’s strong fundamentals and ability to fund continued development. Technical upgrades continue to support long-term bullish sentiment. The recent implementation of Proof of Personality and Elastic Scaling v1.6.1 drove positive momentum earlier this week, with DOT maintaining levels above $4.40 despite overbought conditions showing DOT RSI readings above 73. DOT Technical Analysis: Mixed Signals Emerge Polkadot technical analysis reveals a complex picture with conflicting indicators. The most significant signal comes from Polkadot’s Daily RSI at 50.14, positioning DOT squarely in neutral territory. This represents…

---

Filed under: News - @ July 29, 2025 5:27 am