Polkadot Price Surges on Network Upgrades, But Momentum Fades

Polkadot's price has surged by more than 25% over the past week, reaching $1.105 and testing resistance at $1.106.

Despite this significant gain, technical signals are mixed, with overbought readings and a bearish long-term structure in place.

The network upgrades and stablecoin launch have boosted sentiment, but investors should be cautious due to the stretched setup and conflicting momentum.

A decisive move above $1.106 could open the door to $1.326, while a break below $1.004 could quickly expose the $0.884 level.