The post Polkadot Asset Hub Migration Proposal Lifts DOT Price as SEC ETF Decision Looms appeared on BitcoinEthereumNews.com.

Peter Zhang
Nov 01, 2025 12:40

DOT price climbs to $2.94 (+1.4%) following Polkadot’s Asset Hub Migration proposal, while traders await SEC’s November 8 ETF decision that could catalyze further movement.

Quick Take • DOT trading at $2.94 (up 1.4% in 24h) • Asset Hub Migration proposal scheduled for November 4 providing technical momentum • Price testing resistance near $2.95 daily high amid modest volume • Bitcoin correlation remains positive as broader crypto sentiment improves Market Events Driving Polkadot Price Movement Polkadot’s DOT price gained modest traction this week following the network’s proposal to upgrade all system chains and schedule the Asset Hub Migration, set to commence on block 28,490,502 around November 4 at 8 AM UTC. This technical development represents a significant infrastructure upgrade that has provided underlying support for DOT price action, contributing to the current 1.4% daily gain. The migration proposal addresses critical scalability improvements within Polkadot’s parachain ecosystem, offering enhanced cross-chain functionality that could attract additional developer activity. While the immediate price impact has been measured, the upgrade signals continued network evolution that institutional observers are monitoring closely. Adding to the week’s developments, the SEC delayed its decision on the 21Shares Polkadot ETF until November 8, 2025. This regulatory postponement has had minimal immediate impact on DOT price, but the approaching deadline is creating anticipation among traders. The ETF decision represents a potential catalyst that could significantly influence Polkadot technical analysis in the coming week. DOT Technical Analysis: Testing Key Resistance Zones Price Action Context DOT price currently sits at $2.94, positioned between its 7-day SMA of $3.02 and 20-day SMA of $3.05, indicating short-term consolidation below key moving average resistance. The asset remains significantly below its 50-day ($3.65) and 200-day ($3.92) moving averages, reflecting the longer-term bearish…

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Filed under: News - @ November 2, 2025 1:24 am