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Why Polkadot Price Could Surge to $7.3 in the Coming Weeks

Polkadot (DOT) has shown impressive price momentum recently, climbing to $4.65—its highest since late May. This 50% rebound from its monthly low hints at a strong bullish trend, with potential gains pushing the price toward $7.3 in the near future. Here’s why DOT’s rally looks promising and what factors could fuel its next leg up.

Why Polkadot Price Could Surge Further

The rapid growth of Polkadot’s ecosystem is a major driver behind the bullish sentiment. Hydration, a key platform within Polkadot, has seen its total value locked (TVL) soar to over $253 million, a massive jump from just $53 million in June. This surge in locked assets reflects increasing user trust and activity on the network.

Additionally, the popular game FIFA Rivals, built on Polkadot, has been trending high on iOS and Android stores since its recent launch. As more users engage with such dApps, Polkadot’s ecosystem expansion will likely accelerate, creating positive price pressure on DOT.

A notable catalyst could come from changes proposed by Polkadot co-founder Gavin Wood. He suggested eliminating staking rewards, a move that might initially seem negative because it stops token “dividends.” However, this would cut the influx of nearly 500 million new tokens entering circulation, reducing selling pressure and potentially supporting the price.

Wood also plans to introduce “proof-of-personhood” validation, allowing anyone to validate the network regardless of their DOT holdings. This innovation could democratize network participation and enhance long-term value.

Moreover, developers are preparing a major upgrade called the Join-Accumulate Machine (JAM). This will transform the Relay Chain into a more modular and scalable system, evolving Polkadot from a parachain host to a versatile world computer for decentralized apps.

Technical Signals Point to Continued Gains

From a technical standpoint, DOT is showing strength. It broke above its 50-day moving average, signaling an upward trend. The Money Flow Index (MFI) surged to 88—the highest in months—indicating strong buying pressure. The MACD indicator also crossed above zero and points upward, reinforcing bullish momentum.

The immediate target for bulls is the $5.80 level, aligned with the 23.6% Fibonacci retracement and a key resistance zone. Surpassing this could open the way for a climb toward $7.3, representing a 63% gain from current prices.

POLKADOT / US DOLLAR PRICE CHART FOR 24 HOURS PERIOD

With its rapidly growing ecosystem, strategic upgrades, and strong technical setup, Polkadot is poised for a significant rally. Investors should watch key levels like $5.80 closely as a breakout here could mark the beginning of DOT’s next major price surge.

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