Polkadot (DOT) is experiencing a bearish trend, with a -3.73% decrease against the US Dollar today. The coin is currently trading 26.08% below our prediction on May 01, 2024, and has dropped -30.19% in the last month. Despite this, it is up 10.82% since a year ago.

Our Polkadot price prediction expects DOT to rise by 30.23% in the next 5 days, reaching a price of $8.94. However, the coin underperformed the cryptocurrency market, recording a -1.04% loss against Bitcoin today.

The medium-term trend for Polkadot has been bearish, with DOT dropping by -0.92% in the last 3 months. The long-term picture is positive, with a 10.82% 1-year price change. However, DOT has been displaying high volatility recently, with a 1-month volatility of 13.20.

The sentiment in the Polkadot markets is currently bearish, with 86% of indicators favoring a negative prediction. The Fear & Greed index is at 70 (Greed), signaling that investors have a positive outlook on the market, but it could also indicate that the market is overvalued.

The current forecast for Polkadot price prediction is bearish. DOT would have to increase by 30.23% to hit our $8.94 target within the next five days. However, the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility.