Polkadot (DOT) Technical Analysis: Mixed Momentum Signals and Key Support Levels

Polkadot (DOT) technical analysis indicates a complex momentum landscape as of February 28, 2026. On one hand, the short-term trend appears bullish, with MACD's positive histogram suggesting a slight recovery in momentum. Additionally, the price remains above EMA20, which could facilitate a reaction rally.

However, other indicators convey a more bearish message. The overall downtrend is still intact, and volume confirmation is absent, which may delay a trend change. Moreover, the Supertrend indicator is giving a bearish signal, and several strong resistance levels have been detected across various timeframes.

The RSI indicator currently resides in a neutral zone, between 40-60, indicating neither overbought nor oversold conditions. While this could lead to a quick rebound if price tests the 1.55 support, the absence of divergence increases the likelihood of trend continuation. Traders are advised to monitor the development of momentum oscillator confluence for potential short-term opportunities.

The analysis emphasizes that DOT's momentum is closely tied to Bitcoin's (BTC) performance. As BTC sustains its downtrend with a 1.77% decline in 24 hours, altcoins like DOT may face increased selling pressure if BTC drops below $64,000. Conversely, a breakout above BTC's $66,000 resistance could be a positive catalyst for DOT.