DOT Price Predictions: Smart Money Rides Out Recent Volatility
Polkadot's price has been fluctuating around $0.89 after a 6.8% drop in a single session, but despite this volatility, smart money is still net long on the asset.
According to top-trader positioning data, over 73% of high-tier participants are long on DOT, indicating a strong directional bias in the market. This is further supported by a 9.74% increase in open interest in just 24 hours, adding over $3 million in notional exposure.
The derivatives dashboard shows that institutional spot desks are not driving this market, but rather individual traders and smart money participants who are building long positions with conviction.
However, there is a warning sign: the moving average ladder is intact, but the SMA 200 is sitting at $1.14, far above the current price of $0.89. This indicates that DOT has not yet reclaimed its long-term mean and may face significant resistance on the upside.