Polkadot rallies 19% but long-term downtrend persists
Polkadot (DOT)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Polkadot [DOT] has surged 18.9% since Monday, August 31, as it tested the $1 psychological resistance level. This price action follows a 150% spike in daily network activity, largely driven by the Polkadot Products Devnet environment. Despite this positive network metric, the rally occurred within a broader downtrend that began when DOT slipped below $3.75 support in June 2025.
Negative sentiment lingered from August news that Grayscale would not proceed with its proposed Polkadot ETF product. Technical analysis indicates that a weekly close above $1.38 is required to signal a change in the weekly structure. The CMF reading of -0.16 suggests that long-term capital flows remain dominated by sellers.
On the 1-day timeframe, however, a bullish shift is signaled by the breach of the $0.88 lower high. The Awesome Oscillator shows strong upward momentum, supported by a CMF reading of +0.21 indicating sizeable buying pressure. Nevertheless, the $1 and $1.38 resistance zones remain key obstacles for bulls. Until these levels are breached, holders and swing traders are advised to take profits and wait for a true recovery.
How the market reacted
Whalio's own Binance spot order flow for DOT, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Whalio data shows DOT trading at $0.9790 with a 1-hour buy ratio of 50.8%, contrasting with a 4-hour ratio of 45.8% and a 24-hour ratio of 48.8%. The 1-hour volume delta is positive at +$35,902, while the 4-hour and 24-hour deltas are negative at -$764,133 and -$235,969 respectively. This divergence suggests that short-term buying pressure is emerging, but the broader 24-hour flow remains net selling. The buy ratio indicates the percentage of volume driven by buyers, while the volume delta measures the net value of buy orders minus sell orders. Over the last 24 hours, net buying occurred for only 11 hours, with a cumulative CVD of -$494,642. Spot volume totaled $10,056,520 across 58,504 trades.
The latest daily buy ratio of 47.0% sits at the 23rd percentile of the last 324 days, against a median of 48.9% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for DOT, averaged over the days leading up to the story.
Compared to the preceding week, DOT saw a 19.5% price increase over eight days, with volume reaching 1.63 times the average. The weekly average buy ratio was 48.7%, with the latest day showing a negligible +0.1 point increase. Net buying occurred on 3 of the 7 days, and the total 8-day volume delta was -$1,291,864. This indicates that despite the price surge, selling pressure has outweighed buying pressure over the week. The current 24-hour volume of $10,056,520 is significantly higher than the weekly average, suggesting an unusual day of activity relative to the recent trend.