Polkadot (DOT) Down 98% from ATH, But Analyst Says This Zone Could Be the Best Entry of the Cycle

The DOT price is down 98% from its all time high near $55. The token has been crushed. But Crypto Patel sees something different. He says the same structure that preceded a 4,000% rally is back. The multi-year descending channel is compressing near demand. 

The macro accumulation zone is $1 to $1.20. The DOT price is near $1.25. The targets are $2, $5, $10, $20, and a bonus $50. That is a 4,000% move from the accumulation zone. The invalidation is a weekly close below $0.90. Patel says channel compression plus high timeframe demand plus macro accumulation is where major cycle reversals begin.

What the DOT Weekly Chart Shows

We had a look at the DOT weekly chart from Crypto Patel, and the price is trading at $1.251, up 0.89% on the week on volume of 19.64 million. The chart shows a brutal downtrend from the $55 all time high. 

The DOT price has been making lower highs and lower lows for years. The chart shows a multi-year descending channel that is compressing near a high timeframe demand zone. That is exactly where major reversals have started before.

The accumulation zone is marked between $1.20 and $1. The DOT price is sitting right in that zone. The invalidation level is a weekly close below $0.90. Below that, the setup fails. Above that, the path to the targets opens. 

The first target is $2. That is a 60% move from current levels. Then $5, then $10, then $20, then the bonus $50. That is a 4,000% move from the accumulation zone. The chart from previous cycles shows that the same structure led to a massive rally. Patel is betting that history repeats.

The Tokenomics Shift That Changes Everything

Polkadot enacted its most significant economic change in March 2026. A hard cap of 2.1 billion DOT was implemented, and annual token issuance was cut by roughly 53%, from 120 million to 55 million DOT. 

This “halving” event shifts DOT from an inflationary to a disinflationary asset. Reduced new supply is price supportive. It introduces a scarcity mechanism similar to Bitcoin’s halving. The 21Shares Polkadot Spot ETF launched on Nasdaq on March 6, 2026, providing a regulated wrapper for institutional capital.

However, demand has been muted so far. The ETF saw 27 days of zero flows before a minor inflow on April 9. The infrastructure is there. The demand is waiting.

Read Also: Grok AI Delivers a Stunning XRP Price Prediction for 2035

Where the DOT Price Goes From Here

The DOT price is at $1.25. The accumulation zone is $1.20 to $1. The invalidation is $0.90. The first target is $2. Then $5, $10, $20, and $50. The weekly chart shows a descending channel compressing near demand. 

The DOT price is down 98%. That is the discount. Patel says this is the best entry for 2026 to 2027. The same structure before a 4,000% rally is back. The DOT price is the only thing left to prove him right or wrong.

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The post Polkadot (DOT) Down 98% from ATH, But Analyst Says This Zone Could Be the Best Entry of the Cycle appeared first on CaptainAltcoin.