Polkadot has become one of the most discussed crypto assets on social media in recent days. However, the increased visibility did not create a positive picture in terms of price and market perception. While conversations about DOT have increased, the overall approach towards the asset has continued to weaken, according to Santiment data.
While social interest increased, trust weakened
The main question that came to the fore in the market was why Polkadot could not achieve the expected momentum in terms of user adoption and price performance, despite its advanced technical infrastructure and strong developer community. Polkadot, which has recently been compared to faster-growing blockchain networks such as Solana and Sui, has been criticized for falling behind in these comparisons.
Santiment stated that periods of high interest and low trust in social networks can sometimes indicate important turning points in the crypto market. Despite this, it is reported that investors continue to have question marks about Polkadot’s future potential in the current outlook.
According to Santiment data, Polkadot has become one of the most talked about crypto assets on social media; However, the increase in discussions made the weakening perception more visible rather than strengthening investor confidence.
There continues to be disagreement within the community. While one segment finds the network’s infrastructure and development activities strong, the other segment highlights its weak price performance compared to its competitors. Developer participation, ecosystem adoption, governance structure, token economy and roadmap were among the most discussed topics.
Technical indicators signaled a slowdown in selling pressure
DOT price is at $0.9630 at the time of writing. The daily trading volume of the asset, which decreased by 1.17% in the last 24 hours, was recorded as 148.12 million dollars and its market value was 1.63 billion dollars. The weekly chart shows that the price remains in a prolonged downtrend, ranging from levels above $10 to below $1.
In the technical outlook, falling below the $1.00 level, which is considered psychologically important, indicated that selling pressure continued. While this break revealed that the weakness in the market structure was preserved, it also supported the erosion in investor confidence.
Mini dictionary: RSI is a momentum indicator that measures the speed and intensity of price movement. Generally, levels below 30 are considered oversold. MACD, on the other hand, monitors the relationship between short- and long-term moving averages and produces signals about the weakening or strengthening of momentum.
On the other hand, some technical indicators showed that the downward momentum may weaken. The RSI fell to 29.4 and fell into the oversold zone. It is known that similar levels could be seen in the past, before short-term reaction increases or a horizontal trend. Additionally, the MACD histogram turning slightly positive and the MACD lines approaching each other indicated that the downward momentum may lose its strength.
Although technical indicators suggest that selling pressure may weaken, current data does not yet confirm a permanent trend reversal.
However, for a stronger recovery scenario, DOT needs to break through the resistance zone between $1.30 and $1.60 again. It is evaluated that as long as this range is not exceeded, the general market structure may continue to remain negative and the price may continue to seek to form a base after the sharp decline.
