I noticed that Polkadot (DOT) has seen strong momentum recently, and there are several factors driving this surge. First, expectations that the scheduled reduction in rewards in mid-March could cut annual issuance by 50% may reinforce the scarcity narrative and attract bullish sentiment. In addition, there is growing talk about spot Polkadot exchange-traded funds that firms such as Grayscale and 21Shares might launch, which could open the door to a new wave of investors.

The broader context matters as well—Bitcoin is approaching high levels, and Ethereum has regained strong psychological levels, which lifts the market’s overall momentum. From a technical standpoint, DOT broke through resistance at $1.40 and the 20-day exponential moving average, while strong support remains around $1.23, which may attract momentum followers.

As for target prices, some analysts expect the price to reach $1.80 in the near term, while others see the possibility of reaching $2–3 in the long term. But be aware— the Relative Strength Index (RSI) is approaching overbought levels, which could indicate a likely near-term correction. Entering now may be risky, especially if the market is revaluing assets quickly.