• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Technical Analysis: Polkadot Awaits Bullish Momentum

user avatar

by Giorgi Kostiuk

3 months ago


Although Polkadot's price remains 40% below its December peak, recent technical analysis shows potential for an upward movement amid network developments.

Current State of Polkadot

Polkadot, a leading layer-1 network worth $11 billion, continues to underperform compared to major cryptocurrencies. This underperformance could be attributed to its less prominent ecosystem compared to Solana and Ethereum.

Network Development and Innovations in Polkadot 2.0

Polkadot is working on a 2.0 initiative aimed at enhancing the network across diverse use cases, including EVM integration and Solidity-based contract support. Other enhancements include elastic scaling and a unified address format. The result has been a 400% increase in stablecoins within its ecosystem.

The amount of USDT and USDC on parachains surged from $22M in January 2024 to $114M today. That's over a 400% increase in the last 12 months.Polkadot

Technical Analysis: Future Price Movements for Polkadot

The chart shows a double-bottom formation at $6 and a falling wedge pattern, suggesting potential bullish breakout. Price moved above the 100-day moving average, with $11.65 being the key level to watch.

Despite recent challenges, Polkadot shows growth potential thanks to innovations and an improving technical outlook. The network is positioned to become popular among developers across sectors like gaming and DeFi.

0

Share

Other news

Metaplanet: Increasing Bitcoin Reserves and 96% Yield Growth in Q1 2025

Metaplanet increased its Bitcoin reserves to 4,046 BTC and achieved a 95.6% yield in the first quarter of 2025.

user avatarGiorgi Kostiuk

7 minutes ago

MAGACOINFINANCE Breakthrough: How the New Token Captures the Market

MAGACOINFINANCE is rapidly gaining popularity, attracting attention with a potential $1 valuation.

user avatarGiorgi Kostiuk

7 minutes ago

Circle Plans IPO on NYSE with Ticker CRCL

Circle, issuer of USDC stablecoin, has filed for an IPO on the NYSE under ticker CRCL.

user avatarGiorgi Kostiuk

17 minutes ago

Circle Plans IPO with a Valuation of $4 to $5 Billion

Circle has filed for an IPO with the SEC, aiming for a $4-$5 billion valuation. Increased USDC market activity expected.

user avatarGiorgi Kostiuk

18 minutes ago

SEC and Gemini Consider Settlement in Ongoing Legal Case

SEC and Gemini have requested a 60-day pause in their court proceedings to discuss potential settlement.

user avatarGiorgi Kostiuk

18 minutes ago

$30 KYC Bonus by WOO Network: New Initiative

WOO Network offers a $30 KYC bonus to attract new users and enhance regulatory compliance.

user avatarGiorgi Kostiuk

27 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.