Alvin Lang
Sep 12, 2025 11:34
DOT trades at $4.20 with bullish momentum as Polkadot Treasury’s USDC/USDT acquisition proposal gains 96.3% support, while technical analysis shows strength above key moving averages.
Quick Take
• DOT currently trading at $4.20 (+0.07% in 24h)
• Polkadot’s RSI at 59.14 signals neutral momentum with room for upside
• Treasury proposal for USDC and USDT acquisition passing with overwhelming 96.3% community support
What’s Driving Polkadot Price Today?
Polkadot’s price action remains steady following two significant developments that have shaped market sentiment this week. The most recent catalyst came from Referendum 1729, where the Polkadot Treasury’s proposal to acquire USDC and USDT is currently passing with an impressive 96.3% approval rate from the community. This governance decision demonstrates the ecosystem’s commitment to treasury diversification and financial stability.
Earlier this week, on September 8th, Polkadot announced what the community described as “major news,” though specific details weren’t immediately disclosed. This announcement contributed to a 3.8% price increase for DOT price over the week, reflecting positive market anticipation.
The combination of proactive treasury management and community engagement has maintained cautiously optimistic sentiment around Polkadot, though the immediate price impact has been measured rather than explosive.
DOT Technical Analysis: Bullish Signals Emerge
Based on Binance spot market data, Polkadot technical analysis reveals several encouraging indicators for bulls. The most compelling signal comes from DOT’s position relative to its moving averages, where the current DOT price of $4.20 sits above the key SMA 7 ($4.09), SMA 20 ($3.93), and SMA 50 ($3.92) levels.
Polkadot’s MACD presents a bullish picture with the main line at 0.0686 well above the signal line at 0.0202, creating a positive histogram of 0.0484. This momentum indicator suggests underlying strength in DOT’s price trend.
The DOT RSI reading of 59.14 places Polkadot in neutral territory, providing room for further upward movement without entering overbought conditions. This balanced momentum reading is particularly favorable for potential continuation of the current trend.
Polkadot’s Bollinger Bands tell an interesting story, with DOT trading at a %B position of 0.9024, indicating the price is near the upper band resistance at $4.27. This positioning suggests either potential breakout territory or a need for consolidation.
Polkadot Price Levels: Key Support and Resistance
The technical landscape for DOT/USDT reveals clear levels that traders should monitor closely. Immediate resistance for Polkadot sits at $4.28, which aligns closely with today’s 24-hour high and the upper Bollinger Band. Breaking above this level could open the path to Polkadot’s strong resistance at $4.37.
On the downside, Polkadot support levels are well-defined. The immediate DOT support zone begins at $3.61, with the critical Polkadot strong support located at $3.43. These levels have historical significance and align with the lower Bollinger Band structure.
The current pivot point at $4.20 represents fair value, making it a key level to hold for maintaining the bullish bias. DOT resistance at $4.28 becomes the immediate hurdle, while a break below $3.61 could signal a deeper correction toward the $3.43 support zone.
Should You Buy DOT Now? Risk-Reward Analysis
For swing traders, the current setup offers an interesting risk-reward profile. With DOT price positioned above key moving averages and showing bullish MACD momentum, a position targeting the $4.37 resistance level provides approximately 4% upside potential. Risk management suggests placing stops below the $3.61 support level.
Day traders should focus on the $4.28 immediate resistance level. A breakout above this level with volume could trigger momentum toward $4.37, while rejection might see DOT retreat to test the $4.09 SMA 7 support.
Conservative investors might wait for either a successful break above $4.37 for trend confirmation or a pullback to the $3.61-$3.93 range for better entry positioning. The ongoing treasury developments provide fundamental support for longer-term positions.
Given Polkadot’s daily ATR of $0.19, traders should expect normal volatility around these levels, with the 24-hour trading range of $4.12-$4.28 reflecting current market dynamics.
Conclusion
Polkadot’s technical and fundamental picture presents a cautiously optimistic outlook for the next 24-48 hours. The combination of bullish momentum indicators, community governance strength, and well-defined support levels creates a favorable environment for DOT price appreciation. Key focus remains on whether Polkadot can break above the $4.28 resistance level, which would likely trigger movement toward the $4.37 target and potentially signal the beginning of a stronger uptrend.
Image source: Shutterstock
