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.
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
DOT - Trend Prediction
DOT - Price Volatility Prediction
DOT - Relative Strength
DOT - Momentum Forecast
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.