Polkadot (DOT) Returns to Trading Range as Bearish Breakdown Loses Strength

Polkadot (DOT) has retreated into its previous trading range following the breakdown from its previous support. The short-term structure has changed from bearish to consolidative.

The coin is trading between support and resistance levels. The coin needs to break out to determine its direction. The indicators suggest weak momentum.

At the time of writing, Polkadot (DOT) is trading at $1.34, recording a 24-hour trading volume of $190.31 million and a market capitalization of $2.27 billion, according to CoinMarketCap. The DOT decreased by 5.81% over the last 24 hours, reflecting continued selling pressure as the broader crypto market shows mixed movement.

Source: CoinMarketCap

Polkadot Signals Range Consolidation

A well-known crypto analyst, Alpha Crypto Signal, reported on February 16, 2026, that Polkadot has risen back above its previous breakdown level, thus resuming trading within its horizontal range. This is a sign that the price has changed from a downtrend to a consolidation pattern.

Source: X

According to Alpha Crypto Signal, as long as the price remains within this channel, the price will continue to oscillate between support and resistance. If the price breaks above the upper boundary, it may indicate more upside. If the price falls below the support level, bearish pressure may return.

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Technical Indicators Continue to Show Weakness

While the range trading has resumed, technical indicators suggest low momentum. The price of DOT is trading near $1.34. The Relative Strength Index (RSI) of DOT is at 29.31, which is lower than the signal line at 32.47. This suggests that the asset is near oversold levels.

The moving average ribbon also reflects the strong downtrend. The stock’s 20-day simple moving average is at $2.21, the 50-day at $3.31, the 100-day at $4.67, and the 200-day at $5.60. Since the stock is trading at much lower levels, the overall trend is still on the downside.

This market view is also supported by the Moving Average Convergence Divergence indicator, as the MACD line remains at -0.618, still below the signal line at -0.584, with the histogram remaining negative at -0.033. This shows that the sellers are still in control of the market.

For now, investors are closely observing whether DOT can hold its support in its range and attempt to recover, or if further losses will cause its price to hit new lows.

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