Polkadot: Assessing if ETF and network activity can carry DOT to $1.30

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Polkadot surged by over 13% in 24 hours, driven by growing network activity, positive capital flows through the Treasury and ETFs, and a bullish technical setup. Monthly active addresses doubled in September, rising from 40,000 to over 80,000, while monthly token trading volume increased by 116% to $4.70 billion. The 21Shares Polkadot ETF recorded $663K in net inflows after two months of dormancy, signaling a return of institutional investors. DOT’s price is respecting a rising trendline and heading toward the $1.30-$1.44 resistance zone; a breakout would target $1.70 and levels above $2. The market structure remains bullish as long as the $0.945 support level holds.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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