- Polkadot price prediction stays bullish above $1.08, with the $1.17 midline the first level to reclaim
- OpenGov Referendum 1954 would make user acquisition Polkadot’s main goal ahead of total value locked
- Polkadot launched dotUSD on October 8 backed by USDT reserves, not DOT
Polkadot price prediction for this week stays bullish above $1.08, the trendline and lower band DOT needs to hold to keep $1.17 in reach.
Polkadot Price Analysis: Can DOT Hold Its Rising Trendline?
DOT is holding its rising trendline for now, with price at $1.13, down 1.91% today, between the lower Bollinger Band at $1.08 and the midline at $1.17. The line from the August low sits near $1.08, right beside the lower band, which makes that the floor for the week.
Overhead, the midline at $1.17 is the first hurdle, followed by the upper band at $1.27 and a resistance zone near $1.30 that turned price back in September and October.
DOT looks more likely to hold $1.08 than to break it this week, and a daily close below that level would put $1.00 in play.
Related: Arbitrum Price Prediction: ARB Tests Triangle Line as 100M ARB Incentive Plan Goes to Vote
DOT Support and Resistance Levels, October 20, 2026
| Type | Price | Why it matters |
| Resistance | $1.17 | 20-day Bollinger midline |
| Resistance | $1.27 | Upper Bollinger Band |
| Resistance | $1.30 | Resistance zone, round level |
| Support | $1.08 | Lower Bollinger Band, beside rising trendline |
| Support | $1.00 | Round level near early-October low |
| Support | $0.94 | Mid-September low |
Polkadot Vote Would Put User Growth Ahead of Total Value Locked
OpenGov Referendum 1954, titled the DOT DAO Strategy Mandate, proposes that Polkadot put user acquisition ahead of metrics such as total value locked and the number of projects built on the network. Polkadot’s governance page on Subsquare lists it as Deciding, so it is a proposed strategy rather than an approved overhaul. The plan calls for three things:
- Product platform: A Polkadot Product Platform built to attract everyday users.
- Web2 competition: Competing directly with Web2 and mobile applications.
- dotStables: DOT-backed stable assets meant to link stablecoin use to demand for DOT.
Chainspect Data Shows Polkadot’s Relay Chain Costing More per Transaction Than Sui
BSCN reported on October 19 that Chainspect’s seven-day comparison put Polkadot’s relay chain above $1,000 per 100,000 transactions, against $0.27 for Sui. The report notes that relay chain fees do not show what users pay across Polkadot’s parachains, and that the figure reflects low relay chain activity over the measurement period.
Polkadot Derivatives: Trading Picks Up Without New Positions
DOT derivatives volume rose 26.27% to $228.80 million, while open interest, the total value of open contracts, slipped 0.82% to $234.97 million, so traders are active but not adding to their bets.
Related: Top 3 Price Prediction: Bitcoin (BTC), Ethereum (ETH), and XRP (XRP)
Liquidations, the forced closing of leveraged trades, were nearly even over 24 hours, at $119.47K for longs and $110.18K for shorts. Binance shows about two long accounts for every short.
| Metric | Value | What it shows |
| Derivatives volume | $228.80M, up 26.27% | Trading activity rising |
| Open interest | $234.97M, down 0.82% | Open positions barely changed |
| 24h liquidations | $229.65K, longs $119.47K | Longs and shorts lost about equally |
| Binance long/short ratio | About 2 | More accounts long than short |
Polkadot Price Prediction: Bullish and Bearish Scenarios for This Week
Bullish Case, Target: $1.27
DOT holds above $1.08 and closes above the 20-day Bollinger midline at $1.17. That would put the upper band at $1.27 in play, with the $1.30 resistance zone above it. Progress on Referendum 1954 would give buyers fresh governance news to point to.
Bearish Case, Risk Level: $1.00
DOT closes below $1.08, which would lose the rising trendline and the lower band together. That would put the round $1.00 level in play, and a close below it would expose the mid-September low at $0.94.
FAQs
DOT could extend toward $1.17 and then $1.27 if it holds above $1.08. Losing that level risks a slide toward the round $1.00 level.
It is the DOT DAO Strategy Mandate, a proposal to prioritize user acquisition over total value locked and the number of projects built on Polkadot. It calls for a Polkadot Product Platform, competition with Web2 and mobile apps, and DOT-backed stable assets called dotStables. Subsquare lists it as Deciding, so it has not been approved.
dotUSD is a protocol-owned stable asset Polkadot announced on October 8 after Referendum 1944 was approved and executed. The first phase is backed by USDT reserves, with $2.5 million in USDT used to mint the initial supply, and the DOT-backed model is a later proposal.
According to BSCN’s report on Chainspect data, Polkadot’s relay chain cost above $1,000 per 100,000 transactions over seven days, against $0.27 for Sui. The report notes that relay chain fees do not show what users pay across Polkadot’s parachains, so the figure does not cover the whole network.
Related: Worldcoin Price Prediction: WLD Presses Triangle Resistance as World ID Targets Banks
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
