$6.89
$-0.05 (-0.66%)
End-of-day quote: 2022-10-25
DOT/USD

Is Polkadot on an uptrend?

No, since December 28, 2021, Polkadot has been in a long-term downward trend and has decreased by -77.81 percent over that period. The 200-day line is currently 46.26 percent away from the current price. It is 6.61 percent away from the 100-day line and -5.64 percent from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Polkadot price prediction for 2023

Let's look at the one-year forecast more closely since it is the most accurate of the analysts' forecasts.

Analysts had various forecasts for the Polkadot price over the next year. While the most optimistic forecast predicted a 12-month price target of $7.96, the most pessimistic forecast would be $6.03.

The most recent average price target for the next year is $6.88, which is the most important figure.

This implies that Polkadot could lose -0.14% of its value in 2023.

DOT - Relative Strength Forecast

Polkadot broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

DOT - Trend Prediction

DOT - Price Volatility Prediction

DOT - Relative Strength

DOT - Momentum Forecast

In we then see weak volatility for Polkadot for a longer period of time which led to negative signals for Polkadot.

Polkadot projections through 2025-2030

Polkadot's long-term prospects appear to be good. According to one analysts, Polkadot is expected to reach $6.86 by March 2025. The five-year forecast projects that the Polkadot price will be $6.84 by March 2027. The long-term prediction for 2030 is $6.81.