DOT USD Ready For A +600% Rally To $23? Polkadot ETF Delays

Polkadot crypto may be out of the highest 30, slipping under Toncoin (TON crypto) and Cronos (CRO) out there cap rating. Nevertheless, this doesn’t imply DOT USD shouldn’t be being watched. DOT USD is agency at spot charges, and the candlestick association means that the Polkadot worth is primed for main beneficial properties that might propel it to new H2 2025 highs within the coming classes.

Coingecko information exhibits that Polkadot crypto has been secure prior to now day and week, including roughly +5%. At this tempo, DOT USD is shaking off the weak point seen from mid-August 2025, discovering a strong footing for doable beneficial properties.

Nonetheless, DOT crypto has not utterly reversed losses of the previous 12 months, and is down practically -3%. Nevertheless, taking a look at DOT/USDT from a top-down preview, Polkadot bulls have to step up, ideally forcing the DOT worth above $5 and Q2 2025 highs for an opportunity of purchase development continuation.

(Supply: Coingecko)

On Coinglass, sentiment is shifting for the higher. Most merchants are bullish, wanting on the lengthy/brief ratio on Binance and OKX. On Binance, the highest dealer lengthy/brief ratio is 3.9, whereas on OKX, it’s 2. This metric means that merchants throughout main exchanges are positioning for a doable breakout. Within the brief time period, an in depth above $5 can be huge and set a strong floor for a leg up that will outline worth motion in H2 2025.

(Supply: Coinglass)

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Will DOT USD Soar 600% To $23? Analyst Bullish

From the every day chart, the potential of DOT ▲2.09% surging can’t be discounted.

The Polkadot worth continues to be confined throughout the July 2025 vary. Regardless of the cool-off in August, costs are nonetheless inside this bullish vary, forming a flag.

As it’s, the native assist is at $3.5 and $4, whereas the resistance is at $4 and $4.5. If Polkadot crypto consumers circulation again, a high-volume shut might see DOT crypto fly above $5 to as excessive as $5.5. On this approach, DOT USD might outperform even a number of the high Solana meme cash.

On X, nevertheless, one analyst is bullish. He’s satisfied Polkadot crypto is making ready for large beneficial properties to carry it in direction of $23.

(Supply: CCatalyst_2, X)

Within the put up, the analyst notes that DOT USD has discovered a agency footing above $3.5. Furthermore, since costs are consolidating, there’s a excessive chance of DOT crypto breaking above the descending wedge, lifting the coin to as excessive as $23.8, a +600% rally.

Normally, a breakout above the wedge, a bull flag, is a strong sign that consumers have retaken management. Within the DOT USD case, there’s a probability that if the DOT worth breaks above the present chop and wedge, bulls will simply reclaim July and August highs, qualifying it because the subsequent crypto to blow up.

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United States SEC Delays Spot Polkadot ETF Utility

The arrogance amongst DOT crypto merchants comes days after america SEC postponed its resolution on the applying made by Grayscale for a spot Polkadot ETF.

Of their response, the SEC prolonged the evaluate interval by one other 60 days to November 8.

Polkadot ETF Replace: The SEC has delayed its resolution on Grayscale's @Polkadot ETF once more.

Closing deadline: November 8#Polkadot $DOT pic.twitter.com/PMMU8BuulK

— Polkadot.ERI (Polkadot Ecology Analysis Institute) (@Polkadot_ERI) September 7, 2025

Grayscale proposes making a Polkadot Belief that gives establishments and retailers with entry to DOT in a regulated surroundings. In contrast to the spot Ethereum ETF, the applying retains staking capabilities. As such, buyers may have an opportunity to earn DOT rewards from their holdings.

As of September 2025, america SEC has accepted solely two spot crypto ETFs. Notably, BlackRock, one of many world’s largest asset managers, is concerned in these two merchandise. BlackRock has beforehand said that it “can be some time” earlier than issuing any further spot ETFs associated to altcoins, together with Polkadot and XRP.

It stays to be seen whether or not america SEC will approve one other spot crypto ETF so as to add to its listing. Nevertheless, the company typically expects to approve a spot Solana ETF.

(Supply: Polymarket)

Punters are putting a 99.99% chance of the product hitting the market by the top of the 12 months.

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The put up DOT USD Prepared For A +600% Rally To $23? Polkadot ETF Delays appeared first on 99Bitcoins.

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