Polkadot's native token DOT is currently trading at $0.82, with all major moving averages stacked above the current price — a classic bearish structure that suggests sellers remain in control. While a short-term relief bounce toward $0.83–$0.84 is considered plausible, the broader technical picture points to a potential slide to $0.75 as the next honest target.
Moving Averages Signal Bearish Control
The moving average ribbon — typically the 20, 50, 100, and 200-day lines — is fully stacked above the spot price. This alignment is often interpreted as a sign of sustained downward momentum. For DOT to reverse the trend, it would need to reclaim these levels, but the current price action shows no such strength.
Short-Term Bounce Possible, but Limited
Traders are eyeing a possible relief bounce toward the $0.83–$0.84 zone. Such a move would likely be short-lived, driven by oversold conditions or minor buying pressure rather than a fundamental shift. The bounce could offer a brief reprieve, but the structural case remains bearish.
Structural Target at $0.75
If the current downtrend continues, the next major support lies at $0.75. This level represents a significant psychological and technical floor. A break below $0.82 could accelerate selling, making $0.75 the next honest target for bears. Whether the token can hold that line or not will depend on broader market sentiment and any upcoming catalysts.
The question now is whether the bounce will materialize and if it can provide enough momentum to challenge the moving averages. If not, the path to $0.75 remains open.
