Polkadot (DOT) price surged 10.93% to $1.27 in 24 hours, extending a two-day rebound from EMA support near $1.02. This rally follows a 54% reduction in annual token issuance and the launch of a native stablecoin, two developments that could strengthen the network’s long-term outlook. Open Interest (OI) on derivatives increased 15% to $78 million, with long positions representing 73% of total leveraged positions, indicating majority trader confidence in continued upside. Analysts are targeting $1.75, contingent on price holding above recently reclaimed support.
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