Polkadot Price Extends Gains After Sharp Intraday Reversal

Polkadot's price has been on a tear, reaching a fresh high of $1.0299 before pulling back to $0.9631. The sharp intraday reversal on September 5 triggered a short squeeze, liquidating over $610,000 in 24 hours with shorts taking the bulk of the losses.

The Polkadot price prediction for September 2026 remains bullish, with some analysts targeting $1.21 if the price holds above $0.9294 and clears $1.03. However, losing $0.8811 risks a pullback toward $0.81.

A rising trendline off August's low near $0.70 has held every pullback since June, while a flat resistance zone between $0.978 and $1.03 has capped every rally since then.