Polkadot (DOT) recorded a 10.93% increase in the last 24 hours, moving to $1.27 after rebounding from key EMA support around $1.02.
Tokenomics developments
The network has cut its annual token issuance by 54%, which lowers the amount of new tokens entering circulation and may reduce selling pressure. According to Token Terminal, DOT’s circulating supply now ranks 36th among layer‑1 tokens.
In addition, Polkadot launched a native stablecoin, which could broaden activity across its ecosystem by supporting payments, DeFi applications and liquidity.
Derivatives activity
Open interest for Polkadot derivatives rose 15% to $78 million, according to Coinalyze, indicating new position openings as the price advances.
Long positions now account for 73% of total leveraged accounts, suggesting a prevailing bias toward further price gains.
Technical outlook
On the daily chart, DOT has moved above its recent EMA support level, a sign that buyers may retain control in the short term. Holding above the reclaimed support could support additional upside, while renewed selling pressure could test lower levels.
Summary
DOT’s price jump to $1.27 follows a two‑day recovery from EMA support near $1.02. Reduced token issuance, the stablecoin launch and rising open interest are cited as factors that may influence the token’s short‑term trajectory.
