Polkadot (DOT) has experienced a significant price increase, jumping over 10% in just 24 hours and seeing a 178.44% rise over the past 30 days. Despite this strong momentum, technical indicators hint that the rally might be losing strength, with the RSI cooling off from overbought levels and CMF showing a decrease in buying pressure.

While DOT's EMA lines remain bullish, a fading uptrend could lead to testing of support levels. Conversely, a renewed surge in momentum could move DOT towards breaking its next resistance, potentially reaching its highest point since April 2022.

RSI for DOT has cooled to 62 after hitting 70, an indicator of overbought conditions. Despite the cooldown, the RSI remains in bullish territory, showing optimism among buyers. Stability or a move above 70 might push DOT higher, whereas a drop below 60 could lead to price consolidation.

DOT's CMF has decreased to 0.07 from 0.22, signaling reduced buying pressure despite still indicating net capital inflow. This could mean a potential slowdown in bullish momentum. A continuing drop in CMF might lead to increased selling activity, possibly causing price consolidation or a pullback.

Price predictions suggest that if buying pressure wanes, DOT could test support levels at $8.4 or drop further to $7.5. However, a recovery in trend strength could target resistance at $11.6. Breaking this could push DOT towards $12, a level not reached since April 2022.