Polkadot Surges Past EMA Support Amid Improved Tokenomics

Polkadot (DOT) has continued its bullish trend above the EMA support at $0.9294, and traders are eyeing a potential move toward $1.21 if it breaks above $1.03.

A recent short squeeze on September 5 liquidated $610,000 in shorts, pushing DOT briefly above $1.03 before it dropped back down.

The introduction of the supply cap cut in March has had a positive impact on Polkadot's tokenomics, reducing annual token issuance by over 53% and lowering inflation to roughly 3%, making it more attractive for crypto and DeFi adoption.