$DOT
Polkadot (DOT) — Latest Analysis
1. Price Outlook & Technicals
DOT has recently been under pressure, with some bearish momentum. Recent analyses suggest a potential short-term bounce: some forecasts see $2.90–$2.95 as a near-term recovery target.
On the more bullish side, if DOT breaks above major resistance (around $4.37), there’s potential for a run toward $5.85–$6.50, even as high as $6.50–$8.00 in a favorable scenario.
Key support: some analysts highlight $3.14 as a critical level; if broken, downside risk increases.
According to CoinCodex, broader sentiment is still bearish, projecting down to ~$2.47 by late November if current trends continue.
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2. Fundamentals & Ecosystem
Polkadot continues building strong fundamentals: it’s pushing a Polkadot 2.0 upgrade with elastic scaling, which could massively boost throughput and make it more attractive for high-performance dApps.
The Horizon Initiative is live, improving UX and developer experience.
Tokenomics are being reworked: there’s talk of capping the DOT supply (~2.1B total), which could introduce scarcity over time