DOT USD Poised For A +600% Surge To $23? Polkadot ETF Setbacks

Polkadot crypto asset may have fallen out of the top 30, trailing behind Toncoin (TON crypto) and Cronos (CRO) in market capitalization rankings. Nonetheless, this indicates that DOT USD is still under observation. DOT USD remains stable at current rates, and the candlestick pattern indicates that the Polkadot price is set for significant increases that could drive it to new peaks in H2 2025 in the near future.

According to Coingecko, Polkadot crypto has shown resilience over the past day and week, with an approximate gain of +5%. At this rate, DOT USD is overcoming the sluggishness experienced since mid-August 2025, establishing a robust foundation for potential upswings.

However, DOT crypto has not fully recovered from the losses of the past year, recording a decline of nearly -3%. Evaluating DOT/USDT from a macro perspective, Polkadot proponents need to increase their efforts, ideally pushing the DOT price over $5 and surpassing Q2 2025 highs to enable a continuation of the upward trend.

(Source: Coingecko)

On Coinglass, the sentiment is becoming increasingly positive. A majority of traders are uptrend, as reflected in the long/short ratio on Binance and OKX. On Binance, the leading investor long/short ratio stands at 3.9, whereas on OKX, it is 2. This figure implies that traders on significant platforms are preparing for a potential price breakout. In the near term, a closure above $5 would be monumental and establish a sturdy base for an breakout that would characteristically influence price action in H2 2025.

(Source: Coinglass)

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Will DOT USD Surge 600% To $23? Analyst Optimistic

Analyzing the daily chart, the potential for DOT ▲2.09% ascending cannot be overlooked.

The price of Polkadot remains restricted within the range established in July 2025. Despite the cooling off in August, the prices are still within this favorable range, forming a uptrend flag.

Currently, the local base level levels are at $3.5 and $4, while barrier level stands at $4 and $4.5. Should buyers of Polkadot crypto return, a close with high volume could see DOT crypto soar above $5, potentially reaching $5.5. Therefore, DOT USD could even outperform some of the leading Solana meme coins.

On X, one analyst is expressing optimism. He believes Polkadot crypto is gearing up for substantial growth to bring it to $23.

(Source: CCatalyst_2, X)

In the analyst’s post, it is mentioned that DOT USD has established a solid base above $3.5. Additionally, as prices are consolidating, the probability of DOT crypto breaking past the descending wedge is quite high, which may drive the coin up to $23.8, marking a +600% surge.

Typically, breaking out of the wedge, regarded as a bull flag, signals that buyers have regained dominance. In the situation of DOT USD, there’s an opportunity that a price breakout above the current consolidation and wedge will allow bulls to reclaim the highs of July and August, labeling it as the next crypto to explode.

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United States SEC Postpones Decision on Spot Polkadot ETF Application

The confidence among DOT crypto traders has developed days after the United States SEC adjourned its decision concerning Grayscale’s application for a spot Polkadot ETF.

In their response, the SEC has extended the review duration by another 60 days to November 8.

Polkadot ETF Update: The SEC has postponed its decision on Grayscale’s @Polkadot ETF once again.

Final deadline: November 8#Polkadot $DOT pic.twitter.com/PMMU8BuulK

— Polkadot.ERI (Polkadot Ecology Research Institute) (@Polkadot_ERI) September 7, 2025

Grayscale intends to create a Polkadot Trust that offers institutions and retail investors access to DOT within a regulated framework. Unlike the spot ETH ETF, this application maintains the ability to stake. Consequently, investors could earn DOT rewards from their assets.

As of September 2025, the United States SEC has authorized only two spot crypto ETFs. Notably, BlackRock, one of the largest asset management firms globally, is connected to these two products. BlackRock has previously asserted that “it will take time” before any other spot ETFs regarding altcoins, including Polkadot and XRP, are launched.

It is yet unclear whether the United States SEC will sanction additional spot crypto ETFs to join its portfolio. Nevertheless, the agency is generally expected to approve a spot Solana ETF.

(Source: Polymarket)

Speculators are estimating a 99.99% chance of the product being launched by year-end.

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The post DOT USD Ready For A +600% Rally To $23? Polkadot ETF Delays appeared first on 99Bitcoins.