Polkadot news

Polkadot rose 1.9% to $1.91 after Coinbase announced USDC integration, triggering a technical breakout. CoinDesk Research flagged higher lows, strong institutional volume (229,817 tokens, 300% above average) and support at $1.87‑$1.88, with a 24‑h peak of 4.53 million tokens and an upside target near $1.93.

Polkadot (DOT) fell 2% after breaking key support at $2.05, dropping from $2.09 to $1.97 on heavy volume 284% above average. Technical analysis shows primary support at $1.95, immediate resistance at $1.985; a downside target near $1.90 if support fails, and a recovery would need to reclaim $2.00 resistance with volume confirmation.

Polkadot (DOT) jumped 9.2% to $2.28 in the past 24 hours, breaking the key $2.25 resistance that had capped earlier rallies. The move was supported by a 60% surge in trading volume above the seven‑day average, indicating genuine institutional interest. Technical analysis shows an ascending pattern with higher lows at $2.08, $2.23 and $2.29, and a double‑top near $2.301 signaling short‑term resistance. The CoinDesk 20 index rose 8%, and if DOT clears $2.31 the upside remains at the $2.30–$2.301 level, offering a favorable risk‑reward profile.

Polkadot (DOT) surged 13% to $2.26 in the last 24 hours, spurred by a sharp volume spike that exceeded 200k in a three‑minute window, signaling institutional backing rather than retail speculation. Technical analysis shows the token broke through the $2.22 resistance, with primary support at $2.05 and a next target near $2.30, while the broader CoinDesk 20 index rose 9% during the same period.

Polkadot (DOT) fell 11.4% on Monday, dropping from $2.27 to $2.02 after breaking the $2.05 support level. The slide is one of the worst single‑session losses for the token this year. The decline was accompanied by a 280% spike in volume, reaching 14.6 million tokens as sellers dominated the market. Technical analysis shows failed attempts to regain $2.09–$2.06 levels, cementing bearish momentum and targeting the $2.00 psychological support level. Broader crypto markets mirrored the fall, with CoinDesk’s 20‑index down 7.5%. The model flags $2.27 as primary resistance and $2.09 recovery for short‑term stability, but risk/reward leans toward further downside until volume normalizes.

Polkadot (DOT) fell 12% to $2.56 after large institutional sell orders breached key support levels, according to CoinDesk Research’s technical analysis model. The analysis indicates that the token broke below the $2.87 support zone, with primary support at $2.76 and resistance zones at $2.80-$2.82, $2.87 and a session high of $2.99 serving as ultimate resistance. Exceptional selling pressure reached 5.49 million tokens—106% above the 24‑hour average—at 03:00 UTC, overwhelming early‑morning trading activity.

Phala, a Polkadot parachain offering private AI‑powered compute, voted to shift its entire network to Ethereum L2. The move, approved on Sept. 27 and slated before Nov. 20, will see its PHA token migrate to an ERC‑20 version at a 1:1 ratio, with staking, rewards and governance continuing on the new layer. Phala says the transition will lower overhead, provide stronger EVM alignment and unlock next‑gen confidential compute work for enterprise clients.

Polkadot's DOT surged 6% in 24 hours, jumping from $3.88 to $4.11 amid massive volume, according to CoinDesk's technical model. The breakout created a resistance at $4.11, after which the token consolidated between $4.05-$4.07 as profit-taking kicked in; volume spiked to 7m units, five times the 24‑hour average.

Polkadot is considering a native algorithmic stablecoin, pUSD, backed exclusively by DOT, to reduce reliance on Tether and USDC. Co‑founder Bryan Chen of Acala submitted the proposal, which has already garnered over 75% approval and $5.6 million in DOT votes. The pUSD would be over‑collateralized via Acala’s Honzon protocol, offering optional savings for interest. Though algorithmic stablecoins face criticism after TerraUSD’s collapse, the proposal aims to enhance Polkadot’s ecosystem with a decentralized, DOT‑backed currency.

Polkadot plans to launch pUSD, a DOT‑backed stablecoin under RFC‑155, to reduce reliance on USDT/USDC and unlock DeFi potential. The proposal draws criticism because it reuses Acala’s Honzon framework, the same system that failed with aUSD, eroding trust and prompting calls for independent governance and clear technical council responsibility. Critics also warn that backing pUSD solely with DOT could trigger liquidation cascades and add selling pressure, and point to native alternatives like HOLLAR that better exploit Polkadot’s strengths. The project must address these concerns to avoid repeating aUSD’s mistakes.