Polkadot Price Surges 12% as Institutional Interest Returns

Polkadot's price surged by over 12% in the past week, hitting $1.126 as it continues to attract institutional and user interest.

The asset is now trading above its key moving averages, with both MACD and ADX indicating a strong upward trend. The daily chart shows a sustained move higher, supported by volatility at 15.3%.

Renewed investor interest in Polkadot has been driven by the launch of dotUSD, a native stablecoin, as well as governance gains that have boosted adoption. Inflows into the 21Shares Polkadot ETF reached $663,000 in September, signaling renewed interest from investors.

The outlook for Polkadot suggests that it will trade within a range of $1.039 to $1.212 next week, with resistance at $1.236 and support at $1.077.