Polkadot Price Surge: Grayscale Files for Polkadot ETF Approval

 

Polkadot Price (DOT) has surged 10% in the last 24 hours, driven by Grayscale’s recent ETF filing with the U.S. Securities and Exchange Commission (SEC). This filing requests approval to list Grayscale Polkadot Trust on Nasdaq, fueling market optimism.


ETF Filing Boosts Market Sentiment

Grayscale’s filing for a Polkadot ETF, following similar filings for XRP and Dogecoin, has increased confidence in Polkadot’s potential. This move strengthens the case for Polkadot becoming part of the growing crypto ETF market.

Price Targets $10 with Technical Indicators in Favor

The price of DOT is currently around $4.68, with resistance at $6.00. A breakout above this could push DOT towards $8.00 and possibly $10.00. Technical indicators such as the RSI and MACD suggest increasing buying pressure, supporting the bullish outlook.

Key Support and Resistance Levels

Immediate support is at $4.00, while resistance is at $6.00. A move past this level could lead to higher targets, with a potential price surge to $10.00.

Positive Outlook for Polkadot

Polkadot’s price surge signals growing optimism, especially if the SEC approves the ETF. Continued bullish momentum could see DOT breaking key resistance levels and aiming for new highs in the near future.

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