BTC

$65548.88

-2.82%

ETH

$1922.298

-5.31%

BNB

$611.229

-1.97%

XRP

$1.352

-3.08%

Analysis

Polkadot Surges 40% as Breakout Signals Potential for $3+ Short Term Gains

3 mins mins
Prefer us on Google

Key Insights:

  • Polkadot surged 40% after breaking long-term resistance, with price holding above the $1.35 level.
  • March 14 halving will cut annual DOT issuance by 50%, with supply capped at 2.1B tokens.
  • 21Shares amended U.S. spot DOT ETF filing, proposing staking-based yield within the fund structure.
image 330
Polkadot Surges 40% as Breakout Signals Potential for $3+ Short Term Gains

Polkadot surged nearly 40% in a single day as traders reacted to a technical breakout and upcoming network changes. Market participants are watching price action closely as momentum builds around the March 14 halving event.

As of the time of writing, the price stands at $1.62, with 24-hour trading volume reaching $343.129M. Market data shows Polkadot gained 3.88% in the past 24 hours after the initial spike.

Breakout Above Resistance Sparks $3 Target Talk

Polkadot climbed sharply after breaking a long-standing downtrend resistance level. Traders noted that the price pushed above the $1.35 zone during the rally. Analysts highlighted that holding this level could open the path toward higher targets.

According to Simon Hayes, if the token can hold the breakout above $1.35, there could be a possible continuation to $3+ short term. DOT later traded at $1.62 with a 24-hour volume near $343 million. The token also recorded a 3.88% daily gain at the time of reporting.

Volume increased as buying activity expanded across major exchanges. Earlier in the move, trading volume crossed $420 million, with the market observers linking the surge to both technical signals and broader crypto market strength.

March 14 Halving, ETF Filing, and Altcoin Rotation Add Momentum

Attention has turned to Polkadot’s March 14 halving event. The network plans to cut annual token issuance by 50%. This will be the first halving in Polkadot’s history.

Supporters say lower issuance may tighten supply over time. The total supply cap remains set at 2.1 billion DOT.

Traders appear to be positioning ahead of the change. The halving narrative has gained traction across crypto forums and trading desks. Price volatility increased as the event date approached.

Interest also grew after 21Shares filed an amendment for a U.S. spot DOT ETF. The filing notes that the proposed fund plans to stake DOT as the structure would allow yield generation inside the fund if approved.

The ETF is not yet approved, but the review process is active. Market participants see the filing as part of growing institutional interest. DOT has emerged as one of the stronger performers during this phase.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Rate this post
Follow us on Google News

crypto

Polkadot

Avatar of Olivia Stephanie

Olivia Stephanie

27 February 2026, 22:03:26 GMT +0000

Other Posts: