Experts predict Polkadot's price will reach $11 as signs of recovery emerge

Polkadot (DOT) price recorded a 2.24% increase for the day, bringing short-term optimism to the market and improving investor sentiment. However, overall, the outlook remains quite bleak as the current DOT price is approximately 73% below its all-time high.

Buying pressure has not yet shown strong momentum, as indicated by the RSI staying below the 50 threshold. At the same time, the (Money Flow Index) shows that the market is still in an oversold state, and new capital has not yet returned.

Nevertheless, there are some positive signs. Technical indicators such as MACD and the Awesome Oscillator are both trending upward, reflecting a gradual weakening of selling pressure.

These signals are noteworthy but still not enough to confirm a clear trend reversal. A top trading expert also pointed out an upward pattern on the 3-day Polkadot chart, with a target approaching $11.69.

Expert Opinion: DOT Price Could Head Toward $11

On the 3-day chart, DOT is currently fluctuating around $2.16 – a price zone that has been nearly “frozen” for many months.

The key change point lies in the bullish divergence that Broke Doomer recently analyzed in his latest forecast. While the price has been making lower lows during the sell-off from October to December, the momentum does not confirm these lows, indicating that selling pressure is weakening.

This divergence marks the first time in months that downward pressure has noticeably slowed. While it cannot yet be confirmed as a trend reversal signal, it suggests that the bears are gradually losing control.

The analysis framework used by the expert is based on Fibonacci extensions from the previous rally. The first target level is $4.85, coinciding with the previous accumulation and resistance zone. If DOT breaks through and holds this level, the next target will be $11.60–$11.70, corresponding to the old distribution peak on the 3-day timeframe.

Notably, Broke Doomer does not expect this to be a strong “moon” rally. He emphasizes that: selling pressure has slowed, the price structure is stabilizing, and the rate of decline is no longer as sharp as before. This shift significantly alters the risk profile.

Overall, DOT remains in a deep bottom zone. However, closer inspection shows initial signs of stabilization with an attractive risk/reward ratio. Therefore, the expert recommends investors be patient, viewing this as a long-term “HODL” zone rather than short-term trading. Timing is less important than holding the right position.

DOT Price Movement: Recovery Signals Appear

From a technical perspective, DOT has made a notable breakthrough: the price has broken above the inverse head and shoulders pattern – a structure often seen near market bottoms. When this pattern is broken, it typically signals decreasing selling pressure and a potential trend reversal.

According to experts, if momentum is maintained, DOT could reach the $2.27 zone – about 13% higher than the current price. For many traders, this breakout is enough to bring Polkadot back into focus.

However, technical patterns require genuine buying support to sustain the upward momentum.

Currently, this support has not yet clearly materialized. The Chaikin Money Flow indicator remains below zero, indicating that large capital is still on the sidelines. When CMF is negative, it usually means institutional investors have not yet entered strongly.

Additionally, DOT holdings on exchanges remain stable, with no signs of significant inflows or outflows. This suggests that recent price increases are mainly driven by short-term sentiment rather than new capital.

In summary, the DOT price chart is showing signs of improvement, but the flow of funds has not yet confirmed a strong bullish trend. Investors should remain patient and observe further before expecting a sustainable bullish cycle for Polkadot.