Crypto
Polkadot Price Stays Bullish Above $0.9294 Amid Short Squeeze and JAM Uncertainty
Polkadot's price prediction for September 2026 remains bullish above $0.9294, according to recent analysis.
A sharp intraday reversal on September 5 triggered a short squeeze that liquidated over $610,000 in 24 hours, with shorts taking the bulk of the losses.
The Polkadot Community Foundation's public testnet has seen significant activity, with nearly 5,000 transactions processed in an hour on September 2.
Despite this, some traders are skeptical about the viability of JAM, a major upgrade that would turn the Relay Chain into a distributed general-purpose computer.