Price Predictions

Polkadot (DOT) Price Prediction: Will DOT Price Plunge Below $10 by End of Q1 2022?

Polkadot Price Prediction

Key Takeaways:

  • The Polkadot price closed the previous day’s trade at $16.99 with a market capitalization of $16.99 billion and a circulating supply of 987,579,314.96 DOT
  • DOT price is failing, again and again, to rise above the descending trend, and with the continued downtrend, the asset may plunge below 15 and eventually 10

Polkadot Price Prediction: Will DOT Price Hit $50 in 2022?

Polkadot price maintained a notable uptrend since the beginning and amid the bull run 2021, ranged extremely high by nearly 10 times. However, ever since it marked its highs above $56, the asset depleted drastically and continues to find lower lows. Currently, it has broken a crucial support zone where-in a recovery does not appear so easy for the asset. Yet, the market sentiments are also extremely uncertain and hence a trend reversal may be a pretty tedious job. 

If in case the DOT price continues to swing at the same pace, then the price may continue to discover lower lows till the end of Q1. Yet a significant flip may be expected since the beginning of Q2, until then the traders may wait for a good buying opportunity. Further maintaining a slow and steady rally, the DOT price may initially secure its positions above $22 to $25 resistance levels. And with a beginning of a notable bull rally, the DOT price could gain huge bullish momentum and range high to test the levels in between $40 to $45 by the end of 2022. 

Whenever the asset tries to reach higher levels, the bears tend to squeeze out the profits soon. And hence if the bear gets into the action, they may try to restrict the price to between $35 to $37, by the end of 2022. However, it may after the asset surges high close to $50, where-in a notable amount of sellers are expected to extract their profits. 

Polkadot Price Analysis: How High Will DOT Crypto Price Go in March 2022?

DOT price’s recent attempt to flip from the bearish trend has gone in vain as the asset maintains a descending trend. While the selling pressure has mounted to a large extent, no strong possibilities of a flip may be expected throughout the week. However, the immediate support is around $14.57 which may be tested very soon. 

Here one can expect a significant bounce, but the asset may be restricted to $17.29 levels yet again. Nevertheless, DOT price may continue to test these support-flipped-resistance levels constantly until it surpasses. With an induced buying volume, the asset may also test $20 in the upcoming days. The bulls need to be very cautious here, as the bears may become active at $20. However, if these levels are sustained, then a strong uptrend may be validated which may uplift the price above $22 by the end of March 2022. 

Additional Read: Solana vs Polkadot

Polkadot Price Analysis: DOTPrice Table (Last 30 Days) 

Date All-Time High All-Time Low Market Capitalization
06 March 2022 $17.59 $16.51 $16.99B
05 March 2022 $17.8 $16.2 $17.11B
04 March 2022 $18.05 $16.49 $16.93B
03 March 2022 $18.67 $17.79 $17.85B
02 March 2022 $19.28 $18.37 $18.22B
01 March 2022 $19.61 $18.34 $18.33B
28 February 2022 $19.10 $16.66 $17.47B
27 February 2022 $18.72 $17.10 $17.72B
26 February 2022 $18.76 $17.19 $17.86B
25 February 2022 $17.52 $15.79 $15.98B
24 February 2022 $16.71 $14.09 $14.75B
23 February 2022 $17.52 $15.92 $16.29B
22 February 2022 $16.70 $15.79 $16.29B
21 February 2022 $17.74 $16.03 $16.38B
20 February 2022 $17.88 $16.71 $16.78B
19 February 2022 $18.24 $17.36 $17.63B
18 February 2022 $18.61 $17.64 $17.66B
17 February 2022 $20.03 $17.84 $18.29B
16 February 2022 $20.21 $19.09 $19.06B
15 February 2022 $20.35 $18.66 $19.65B
14 February 2022 $18.92 $18.04 $18.49B
13 February 2022 $19.28 $18.40 $18.70B
12 February 2022 $19.57 $18.53 $18.96B
11 February 2022 $20.79 $18.84 $20.10B
10 February 2022 $22.63 $20.59 $21.09B
09 February 2022 $22.26 $21.07 $21.72B
08 February 2022 $23.18 $21.09 $20.98B
07 February 2022 $22.70 $21.43 $22.25B
06 February 2022 $21.95 $20.88 $20.86B
05 February 2022 $22.29 $20.33 $21.16B
04 February 2022 $20.56 $18.74 $19.89B
03 February 2022 $18.94 $18.02 $18.29B
02 February 2022 $20.58 $18.60 $19.13B
01 February 2022 $20.02 $19.18 $19.52B

Polkadot Price Prediction: DOT Price Trend Comparison with ADA & SOL (Last 30 Days)

Polkadot, Cardano, and Solana work on their respective blockchains but all intend to address the issues with the Ethereum blockchain. All the 3 blockchains claim themselves to be Ethereum killers and aim to replace the second largest crypto in the future. However, Ethereum, despite slow transactions, congestion, and high gas fees, remains the leader of the DeFi space. But still, Polkadot, Cardano, and Solana have created their significance with the DeFi space.

Source: Tradingview

The price trends of the 3 assets appear to be almost equivalent since the beginning of 2022. The surges and plunges all went hand in hand, and eventually, a tough competition between Cardano and Polkadot is seen at present. Both are almost equidistant from the average levels and are attempting hard to outperform each other. Solana remains off the track with a large margin. 

At the express time, Polkadot is 36.71% away from the average levels whereas Cardano is 35.54%. On the other hand, Solana remains more than 48% away, showcasing huge deviations. Interestingly, all the three assets are trending with a descending trend, weather-in each attempt of a flip is going in vain. Therefore, until market sentiments display a diverse trend, no strong flip may be expected at once. 

Additional Reads: Polkadot (DOT) Technical Analysis

Correlation of DOT/USDT and DOT/BTC (Last 30 Days)

Source: Tradingview

Similar to many tokens, the DOT price traded with the BTC pair is appearing stronger than the USDT pair. The steep plunges are recorded with both the pairs but the USDT pair recorded a significant recovery. Yet the DOT/BTC does not drop as USDT and therefore remains in a pretty strong position. The DOT/USDT pair is almost 35.87% below the average levels, whereas DOT/BTC remains away by nearly 23.72% at the press time. 

Additional Read: Top Crypto News Today, 7 March 2022.

Polkadot Price Prediction 2022: Latest DOT coin News in February-March 2022

Polkadot Motion 158 Passes Paving Way for the Auctions Throughout the Year!

Polkadot council voted and passed motion 158 which is the Polkadot’s Auction Timetable for the rest of the year 2022. 

Source: Twitter

Polkadot Announces one of the Biggest Event- Polkadot Decoded

Polkadot announces a large event where-in they are inviting the Polkadot builders and community members to submit ideas for an in-person presentation or workshop which will be then voted on by the community. The last date to submit the proposal is 14 March, whereas the event will be held on June, 29th-30th 2022. 

Source: Polkadot Blog

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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