Polkadot (DOT) surged 16.9% in the last 24 hours to $1.44, outpacing the broader crypto market. Investors are eyeing the halving milestone scheduled for March 14, 2026, and rumors of Polkadot ETF filings by Grayscale and 21Shares. The primary catalyst is speculation around Polkadot’s upcoming network milestone, with many viewing this halving as the start of a scarcity era for DOT. The Altcoin Season Index has jumped, indicating appetite beyond Bitcoin.
DOT recently cleared its 30-day SMA at $1.43, signaling a technical breakout, while the 7-day SMA at $1.30 provides immediate support. Trading volume rose more than 67% to $235.76 million, underscoring active buying. The RSI sits around 52 after rebounding from an oversold region, suggesting room for further upside. These signals suggest the altcoin is shifting from short-term bearishness to bullish momentum.
If the rally continues, initial resistance is in the $1.60–$1.71 range, with longer-term resistance near $1.97, $2.36, and $3.03. On the downside, supports lie at about $1.35 and $1.25–$1.29, with a break below $1.25 potentially retesting lower levels. Market attention will pivot to the halving and ETF developments as the March date approaches.
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