Polkadot (DOT) eyes 20% rally, 80% of traders bet Long
The post Polkadot (DOT) eyes 20% rally, 80% of traders bet Long appeared on BitcoinEthereumNews.com. Key takeaways Polkadot surged 30%, reclaiming key support amid bullish sentiment. With RSI at 73 and Open Interest at $483 million, at press time, a short-term correction may precede a potential rally toward $5.40. With the recent shift in market sentiment, Polkadot [DOT] has successfully reclaimed a key support level it lost during the tariff war. Adding to the optimism, the asset has surged by an impressive 30% in two weeks, suggesting a potential repeat of its historical bullish pattern from the current level. Polkadot is at a key reversal area Historically, this level has always appeared to be a top choice for investors and traders due to its price reversal history. According to the TradingView chart, since October 2023, the DOT price has reached this level more than six times, and each time, it has recorded a notable price surge. Source: TradingView Given the current market sentiment, this appears to be just the beginning of another potential surge, which might explain the growing attention from traders and investors. 80% of Binance traders bet long on DOT The on-chain analytics tool CoinGlass reveals that traders betting on the long side now outnumber those taking short positions. At press time, Binance’s DOT/USDT Long/Short ratio reached its highest level since June 2025 and was hovering around 3.92, indicating that for every 3.92 traders going long, there is only one trader interested in a short position. Source: CoinGlass This metric further shows that 79.68% of traders were betting on long positions, while 20.32% were on short positions. At press time, the major liquidation levels where traders have shown interest were $4.32 and $4.48. At these levels, traders have built $4.23 million worth of long positions and $1.09 million worth of short positions, as reported by the on-chain tool CoinGlass. DOT Open Interest surges…
The post Polkadot (DOT) eyes 20% rally, 80% of traders bet Long appeared on BitcoinEthereumNews.com.
Key takeaways Polkadot surged 30%, reclaiming key support amid bullish sentiment. With RSI at 73 and Open Interest at $483 million, at press time, a short-term correction may precede a potential rally toward $5.40. With the recent shift in market sentiment, Polkadot [DOT] has successfully reclaimed a key support level it lost during the tariff war. Adding to the optimism, the asset has surged by an impressive 30% in two weeks, suggesting a potential repeat of its historical bullish pattern from the current level. Polkadot is at a key reversal area Historically, this level has always appeared to be a top choice for investors and traders due to its price reversal history. According to the TradingView chart, since October 2023, the DOT price has reached this level more than six times, and each time, it has recorded a notable price surge. Source: TradingView Given the current market sentiment, this appears to be just the beginning of another potential surge, which might explain the growing attention from traders and investors. 80% of Binance traders bet long on DOT The on-chain analytics tool CoinGlass reveals that traders betting on the long side now outnumber those taking short positions. At press time, Binance’s DOT/USDT Long/Short ratio reached its highest level since June 2025 and was hovering around 3.92, indicating that for every 3.92 traders going long, there is only one trader interested in a short position. Source: CoinGlass This metric further shows that 79.68% of traders were betting on long positions, while 20.32% were on short positions. At press time, the major liquidation levels where traders have shown interest were $4.32 and $4.48. At these levels, traders have built $4.23 million worth of long positions and $1.09 million worth of short positions, as reported by the on-chain tool CoinGlass. DOT Open Interest surges…
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