Polkadot (DOT) Surges 3.65% as Network 2.0 Launch Approaches – Bulls Eye $4.55 Resistance
The post Polkadot (DOT) Surges 3.65% as Network 2.0 Launch Approaches – Bulls Eye $4.55 Resistance appeared on BitcoinEthereumNews.com.
Zach Anderson
Sep 09, 2025 12:14
DOT trades at $4.17 (+3.65%) with bullish momentum building ahead of Polkadot 2.0 launch. Technical indicators suggest potential breakout above $4.28 resistance.
Quick Take • DOT currently trading at $4.17 (+3.65% in 24h) • Polkadot’s RSI at 58.85 with MACD showing bullish crossover momentum • Polkadot 2.0 network upgrade announcement driving positive sentiment What’s Driving Polkadot Price Today? The DOT price surge comes primarily from the September 7th announcement of Polkadot 2.0’s early September launch, introducing major scalability and interoperability upgrades. This technical milestone represents the most significant network evolution since Polkadot’s mainnet launch, directly contributing to today’s positive price action. Supporting this momentum, Polkadot’s establishment of the Polkadot Capital Group on September 5th signals serious institutional outreach efforts. This initiative aims to bridge traditional Wall Street finance with Web3, potentially unlocking institutional capital flows that could sustain longer-term DOT price appreciation. While recent market data shows a slight decrease in Polkadot’s staking rate to 48.97%, this neutral development hasn’t dampened trader enthusiasm. The focus remains firmly on the technical upgrades and institutional adoption strategies that could position DOT for significant gains. Earlier analyst predictions targeting $10 for DOT, citing the upcoming Snowbridge integration and bullish chart patterns, provide additional context for current buying interest, though these represent longer-term projections rather than immediate price drivers. DOT Technical Analysis: Bullish Signals Emerge Polkadot technical analysis reveals strong bullish momentum across multiple timeframes. The most compelling signal comes from DOT’s MACD histogram reading of 0.0337, indicating sustained buying pressure as the MACD line crosses above its signal line. DOT RSI currently sits at 58.85, positioning Polkadot in neutral territory with room for further upside before reaching overbought conditions. This provides comfort for traders considering new positions, as the…
Filed under: News - @ September 10, 2025 1:27 am