Despite a recent 3.87% increase against the US Dollar, Polkadot (DOT) remains 22.50% below our predicted price of $13.20 by March 22, 2024. The current market sentiment for Polkadot is bullish, with the Fear & Greed index at 79 (Extreme Greed). However, the cryptocurrency market as a whole has been underperforming, with the total market cap decreasing by 0.84% in the last 24 hours.

Polkadot has experienced a 34.86% gain in the last month and a 58.00% increase since one year ago. The coin's all-time high price was reached on November 4, 2021, at $54.98. The current cycle high is $11.86, while the cycle low is at $3.59. DOT's 1-month volatility is at 14.37, indicating high volatility in the market.

Technical analysis shows key support levels at $9.21, $8.73, and $7.90, while resistance levels are at $10.52, $11.35, and $11.83. The Relative Strength Index (RSI 14) for Polkadot is at 50.81, suggesting a neutral position. The 50-day Simple Moving Average (SMA 50) and 200-day Simple Moving Average (SMA 200) are both below the current trading price, indicating bearish signals.

In conclusion, the current forecast for Polkadot is bullish, with a 30.59% increase needed to reach our $13.20 target within the next five days. However, the unpredictable nature of the cryptocurrency market and the high volatility of even the largest crypto assets should be taken into consideration when making investment decisions.