Reviewed by Reviewed by Jacob Thomas Updated 11:00 EDT October 10, 2026 Share Share Share Back to Top Polkadot [DOT] has extended its bullish recovery by recording a 10.93% to $1.27 over the last 24 hours. The move comes just two days after the token price action rebounded from key EMA support at around $1.02
Interestingly, the bullish advances follow a 54% reduction in annual token issuance and the launch of a native stablecoin, two developments that could strengthen the network’s long-term outlook
At the same time, the network’s increasing Open Interest (OI) and a growing preference for leveraged long positions also point to increased trader participation. Could the token’s sustained buying pressure turn these developments into a lasting DOT recovery?
The reduction in annual token issuance marks a significant shift in Polkadot’s tokenomics. Fewer new tokens entering circulation equates to reduced selling pressure. Its circulating supply currently ranks 36th among the L1 tokens
Meanwhile, the launch of a native stablecoin could expand activity across the ecosystem. Stablecoins support payments, decentralized finance (DeFi) applications, and liquidity, potentially creating new use cases for Polkadot
Together, these developments offer investors additional reasons to reassess DOT’s prospects after its prolonged price weakness
Zooming down to the Polkadot’s derivative data, its OI has also increased 15% to $78 million as of writing, suggesting traders are opening new positions as the token advances
Notably, long accounts now represent 73% of total leveraged positions, according to the recent Polkadot’s Long/Short data, suggesting that most traders and investors are betting on further gains for the token
On the daily chart, DOT has rebounded from support near $1.02 to reach $1.27, marking a notable improvement in its short-term structure. Besides, the token is now trading above all its key EMA support, pointing to potential buyer dominance continuation in the short run
Holding above reclaimed support could strengthen the case for further gains, while renewed selling could expose the token to another test of lower levels
All in all, Polkadot’s issuance reduction, stablecoin launch, and increased derivatives activity provide potential catalysts for continued price appreciation to $1.75
Kelvin Murithi is a crypto journalist and on-chain analyst covering market structure, price action and blockchain data. He is a Bsc. Actuarial Science graduate and harnesses his statistical and data analysis skills to translate complex metrics into clear insights for everyday crypto investors
