- Polkadot network activity has surged 150%, while rising trading volume supports renewed buying interest.
- DOT is targeting $1.134, with $1.033 remaining a key support level.
Polkadot network usage has jumped 150% in recent days, with trading volume also climbing to nearly three times its monthly average. The sharp increase in activity comes as the Polkadot Products Devnet records higher transaction throughput and developer activity.
The rise in network activity has coincided with a 9.83% gain in DOT over the past session, taking the price to around $1.073. DOT has also moved above its 20-hour and 50-hour moving averages, while the $1.134 level now stands as the next major resistance.
Polkadot Network Activity Surges
Polkadot has seen a sharp rise in network activity in recent days. Daily usage has increased by as much as 150%, while trading volume has nearly tripled its monthly average. The rise comes alongside higher developer activity and increased transaction throughput on the Polkadot Products Devnet testnet.
The testnet processed nearly 5,000 transactions in one hour on September 2. This activity points to stronger engagement with Polkadot’s network infrastructure and growing use of its development environment.
Polkadot also changed its tokenomics in March 2024 by capping the total DOT supply at 2.1 billion. The network also lowered annual inflation to about 3%. These changes could help improve DOT’s value retention over the longer term.
DOT Price Holds Above Key Support
Technical indicators continue to favor buyers in the short term. DOT/USD is trading above its 20-hour and 50-hour moving averages, although it remains below the longer-term 200-hour average.
The $1.033 level is also providing nearby support through the Ichimoku Kijun. Holding above this level could keep the current recovery on track, while a move below it would weaken the setup.
Other indicators also support the bullish view. The MACD remains in the Strong Buy zone, while the ADX shows that buying activity is still present. Meanwhile, the RSI stands at 62.091, suggesting DOT still has room to rise before reaching overbought levels.
Polkadot Price Prediction Targets $1.134
DOT could continue consolidating within its current range over the next two to three sessions. The latest analysis gives DOT a 77% probability of moving higher, with a projected range of $1.012 to $1.134.
Holding above $1.033 would keep the bullish setup intact and could push DOT toward the $1.134 resistance. A break above that level would strengthen the recovery and support further gains. However, losing $1.033 could weaken the outlook and send DOT toward the $1.012 support.
For now, rising network activity and positive short-term technical signals continue to support the recovery.
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