DOT has been rising quite significantly lately, but there are a few things to note. After dropping to $1.15 in early February, this token has recovered to the $1.74 level last month. Its price is now more stable around $1.23, with a market cap of about $2.07 billion.

If we look at CoinGecko, DOT’s movement actually follows the broader crypto market recovery—Bitcoin is nearing $70k, and Ethereum has also reclaimed the $2000 level. But there are specific factors that seem to be acting as catalysts for DOT. Some say Polkadot’s halving on March 14 will cut token issuance by 50%, so the scarcity narrative is starting to play a role. On top of that, speculation about spot DOT ETFs from Grayscale and 21Shares is also starting to generate buzz—if regulators approve them, it will open up broader access for retail investors.

On the technical side, some analysts see DOT breaking above the daily 20 EMA and resistance at $1.40. Some are optimistic it could rise to $1.80, and even set long-term targets of $2-$3 jangka panjang. But be careful—its RSI is already at 73, which is usually considered overbought. This could be a warning of a pullback or consolidation ahead. So, in essence, DOT’s movement is more about a combination of factors—the supply shock from the halving, institutional access via ETFs, plus the current market momentum. But don’t forget to manage risk, because this RSI level is already quite high.