DOT Market Move on 28 February 28, 2025: Eyes Resistance at $5.183 & Support at $4.454

Dive into Polkadot Price Analysis on Feb 28 to understand DOT’s market trends and investment potential in 2025.The crypto market remains highly unpredictable, and Polkadot is no exception. After facing strong selling pressure, it struggled to hold its support levels, raising concerns about its next price movement. While some traders anticipate a bullish recovery, others fear a deeper decline if key levels fail. With DOT fluctuating between $4.454 support and $4.714 resistance, the market remains cautious. Technical indicators present a mixed outlook, making traders unsure whether this is a buying opportunity or a sign of further drops. As DOT moves forward, all eyes are on whether it will break out or break down.

Polkadot Price Analysis of February 27

The trading day began with a moderate range and found support at $4.714. The price was steady until 00:45 UTC, when a golden cross appeared, indicating the start of an upward trend. This bullish momentum sent the price higher, but as the RSI reached overbought levels around 7:45 and 11:00 UTC, the price began to slow down. DOT reached a peak at $5.183, facing strong resistance. By 11:15 UTC, a death cross emerged, leading to a slight downward shift with moderate fluctuations.

Chart 1, Analyzed by ShwetaCW, published on TradingView, February 28, 2025

The price hovered in a narrow range until 15:55 UTC when a death cross on the MACD line reinforced the bearish trend. The downward pressure continued, and DOT struggled to regain strength. Later in the evening, at 19:25 and 20:00 UTC, oversold conditions pushed the price further down. Despite brief attempts at recovery, the bearish momentum persisted, keeping DOT under pressure. The day ended with the market showing signs of continued consolidation as traders watched for the next support level.

Polkadot Price Analysis on February 28

Polkadot continued its downward trend into February 28. As shown in Chart 1, a death cross at midnight triggered a further price decline. By 1:25 UTC, an oversold condition caused a sharp drop, with DOT struggling to hold its support level before falling further. The selling pressure remained strong, and at 4:00 UTC, another oversold RSI reading pushed the price down to $4.454, marking the day’s lowest point. However, the market showed signs of recovery in the morning. At 8:45 UTC, a golden cross on the MACD line suggested a potential reversal, sparking bullish momentum. 

This upward move gained strength when the RSI hit overbought levels at 9:30 UTC, pushing the price higher. DOT followed an upward trend, though price fluctuations remained. At 12:35 UTC, an oversold situation briefly pulled the price down, but DOT quickly recovered, continuing its climb. By the end of the trading session, DOT tested its resistance at $4.714, showing improved bullish sentiment. The price action on February 28 reflected a classic recovery attempt, with technical indicators playing a key role in shaping the market’s direction.

Polkadot Price Prediction

DOT’s latest price analysis shows the latest price movement. Today’s price movements suggested that the price could break above the resistance of $4.714, potentially entering its previous trading range and reaching up to $5.183. However, polkadot Price Prediction suggests if bullish momentum weakens, it could struggle to hold its position and fall back to its support at $4.454. Traders should watch the technical signals for confirmation of the next move. A solid push above $4.714 can open the way for further gains, yet failure to hold support could result in another downtrend. Market sentiment and broader crypto trends will play a crucial role.