Polkadot (DOT) Eyes $4.28 Resistance as Trading Volume Surges 47%

Quick Take

• DOT currently trading at $3.80 (+0.53% in 24h)
• Polkadot’s RSI sits neutral at 47.61 with bearish MACD momentum
• Polkadot 2.0 upgrades and Snowbridge developments fuel bullish sentiment

What’s Driving Polkadot Price Today?

Polkadot has captured significant market attention this week following the announcement of major network upgrades and Snowbridge integration. The DOT price received a boost from reports highlighting Polkadot 2.0 developments, which contributed to a remarkable $279 million trading volume surge across exchanges.

The technical landscape appears promising for September 2025, with analysts pointing to bullish chart patterns emerging on the daily timeframe. However, immediate price action remains contained within a narrow range as traders assess the longer-term implications of these upgrades.

Governance activities have also been active, with new Decentralized Voices delegations going live on September 1st. While Referendum 1729 regarding USDC/USDT treasury acquisition is currently failing with only 34.4% support, the increased community engagement demonstrates healthy network participation that often precedes significant price movements.

DOT Technical Analysis: Mixed Signals Point to Consolidation

Polkadot technical analysis reveals a complex picture with competing bullish and bearish indicators. The DOT RSI currently sits at 47.61, positioning the cryptocurrency in neutral territory and suggesting neither oversold nor overbought conditions.

However, the MACD tells a different story. Polkadot’s MACD line at -0.0405 remains below the signal line at -0.0285, with the histogram showing -0.0121, indicating bearish momentum persists in the short term. This divergence between RSI neutrality and MACD bearishness suggests traders should exercise caution.

The moving average structure provides additional context for the current DOT price action. With Polkadot trading at $3.80, the cryptocurrency sits below most key moving averages including the SMA 20 ($3.88), SMA 50 ($3.95), and SMA 200 ($4.09). Only the 7-day SMA at $3.78 provides immediate support.

Polkadot’s Bollinger Bands show the price positioned at 36.34% of the band width, indicating room for upward movement toward the upper band at $4.18. The current volatility measure through the 14-period ATR stands at $0.21, suggesting moderate price swings ahead.

Polkadot Price Levels: Key Support and Resistance

Based on Binance spot market data, several critical levels emerge for DOT/USDT traders. The immediate resistance for Polkadot sits at $4.28, representing a 12.6% upside from current levels. A break above this level could target the stronger resistance zone at $4.67.

Polkadot support levels appear more defined, with immediate support at $3.61 providing a 5% downside buffer. Should this level fail, the stronger support at $3.43 becomes crucial for maintaining the current trading range. This level aligns closely with the 52-week low of $3.15, making it psychologically significant.

The pivot point at $3.78 serves as a key reference, with the current DOT price slightly above this level. Traders often use this metric to gauge intraday sentiment, and maintaining above the pivot suggests cautious optimism.

Should You Buy DOT Now? Risk-Reward Analysis

The current setup presents different opportunities depending on trading style and risk tolerance. Conservative traders might wait for a clear break above the $4.28 resistance before considering long positions, targeting the $4.67 level for a favorable risk-reward ratio.

Aggressive traders could consider the current DOT price attractive given the proximity to support levels and the neutral RSI reading. However, the bearish MACD momentum suggests setting tight stop-losses below $3.61 to limit downside exposure.

For swing traders, the Polkadot 2.0 upgrade narrative provides fundamental support for medium-term positions. The key lies in managing the near-term technical headwinds while positioning for the potential breakout that often follows major network upgrades.

Dollar-cost averaging strategies may prove effective in this environment, allowing traders to accumulate DOT positions while the price consolidates between $3.43 and $4.28. This approach capitalizes on the current low volatility while preparing for potential expansion.

Conclusion

Polkadot stands at a technical crossroads with the DOT price showing resilience despite mixed indicators. The combination of Polkadot 2.0 upgrades and increased trading volume provides fundamental support, while technical indicators suggest patience may be required before the next significant move. Traders should monitor the $4.28 resistance level closely, as a break above could signal the beginning of a more substantial rally toward the $4.67 target. Risk management remains crucial given the current MACD bearishness, making the $3.61 support level a key reference for position sizing and stop-loss placement.

Image source: Shutterstock