|

Polkadot price prepares for comeback, shows signs of upside despite dropping TVL

  • Polkadot price has been consolidating consistently over the past month, posting losses. 
  • Total value locked in the Polkadot network plunged 78% within a month, alongside dropping prices. 
  • Analysts believe Polkadot could recover from the downtrend and make a comeback. 

Polkadot price (DOT) has posted consistent losses for a month. Analysts argue that the Ethereum-killer could recover from the downtrend. Though total value locked in the Polkadot network plunged, analysts believe that DOT price could make a comeback. 

Polkadot price could break out of the downtrend

Polkadot price has posted 8% losses over the past two weeks. Proponents believe Polkadot price could recover from losses and break out of its downtrend. 

Lease Period 7 has begun, and several parachains have connected to Polkadot's relay chain. 

Composable, Efinity, Nodle, Centrifuge, Interlay and HydraDX are connected to the relay chain. 

Interestingly, based on recent research, Polkadot has the lowest carbon footprint among PoS protocols, using the equivalent energy of 6.6 US households per year. This is driving the Ethereum-killer's adoption among users. 

Several metaverse projects are live on the Polkadot network, driving DOT demand and adoption higher. Despite a 78% drop in total value locked on the Polkadot network over the past month, analysts are bullish on the altcoin's recovery. Analysts have predicted a comeback in the Ethereum-killer's price trend. 

Technical indicators suggest a positive outlook on Polkadot price. Polkadot price is above the 50-day simple moving average, fueling a bullish narrative among investors. 

FXStreet analysts have predicted that the Polkadot price could return to $10.50. They argue that the Polkadot price trend has remained unchanged. A reversal column has been on Polkadot's chart for over four months now, and analysts are waiting on the pattern to play out. 

Analysts have set the price target at $100 through the vertical method and believe that the setup indicates an upcoming trend reversal. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.