Polkadot is included in the Bitwise Index Fund, supporting a long-term bullish outlook, with DOT returning to the $2 long-term accumulation zone.

Polkadot (DOT) price recently retreated again to around $2, which has been regarded as a critical long-term accumulation zone since 2022. According to the latest analysis by analyst Egrag Crypto, this area has structural support and is considered DOT’s “native zone” over the years, but it is currently unclear whether the market has truly bottomed.

The DOT price approached $2, experienced a clear correction during trading, and then moved sideways within this key price range. Egrag Crypto pointed out that he himself had previously positioned in DOT at higher prices and continued to add to his holdings during the recent pullback. Based on historical trends and DOT’s core position in multi-chain infrastructure, this range is viewed as an important location for long-term structural support.

The analyst emphasized that being included in mainstream investment portfolios such as the Bitwise Index Fund is a significant endorsement of DOT’s long-term value and provides additional fundamental support. He believes that the unusual volatility in October could be a black swan event or a typical low-liquidity retracement phase within the four-year cycle.

From a technical perspective, the chart shows that DOT recently broke through short-term resistance but failed to stabilize, with the price then falling back to support zones and remaining stable. During the upward move, trading volume increased, but during the decline, selling pressure intensified, leading to a change in volume structure. This pattern aligns with DOT’s repeated testing of key areas before bottoming out over the years.

Egrag Crypto referenced frameworks such as the Wyckoff accumulation model, multi-cycle trends, and historical liquidity structures, but also posed key questions: Is the current range a true Wyckoff bottom structure? Has the market completed its bottom cycle? If the cycle bottom is confirmed, what will be the next target for DOT’s upward move?

Although maintaining a long-term bullish outlook, the analyst acknowledges that the current structure does not completely rule out further downside potential. Market participants are waiting to see whether buying momentum will continue to strengthen around the $2 region or if the overall market environment will push DOT to revisit lower accumulation zones.

This region remains a price band highly watched by long-term investors, and future trends will depend on market sentiment, liquidity changes, and ongoing confidence in the Polkadot multi-chain ecosystem narrative.