- Altcoin Polkadot experiences bullish surge.
- Lark Davis breaksdown the reason behind the surge.
- A 3-part pump scenario pushed DOT to surge in price value.
The crypto market continues to swerve through turbulent waters as analysts argue over bearish and bullish outcomes. At the moment, the prices of BTC and ETH are trading at lower price ranges, leading many analysts to believe that lower bottom prices are yet to make their debut. Meanwhile, a few altcoins are showing bullish potential. To highlight, altcoin Polkadot experienced bullish surge, and analysts share technical breakout details.
Altcoin Polkadot Experienced Bullish Surge
With the prices of Bitcoin and Ethereum trading once again at slightly lower prices, analysts grow more sure that another major price fall awaits BTC and ETH, meaning the assets are far from their bottom prices. According to recent market reports, one market expert and reputed analyst says that the price of BTC will fall as far as $35,000 – $40,000, where the asset will finally bottom.
Meanwhile, other bearish analysts believe that the bear market has already begun, but a quick and serendipitous altcoin price pump may very well take place, and recent altcoin price action supports this expectation. According to CoinMarketCap analytics, the price of DOT is currently trading at $1.50, marking a surge of over 11% in the past 7 days. This meant the asset saw a sudden pump in prices before slightly declining.
As we can see from the post above, the reputed crypto figure, Lark Davis, highlights how Polkadot surprised the crypto community with a 41% pump and chalks up the possible reasons behind it to its Halving event on March 14, 2026, marking Polkadot’s first-ever halving that would slash the annual token issuance by over 50%, and solidifying its shift to a deflationary model.
Davis goes on to state that the scarcity narrative is driving strong bullish sentiment, further fueled bythe DOT ETF Filing. In detail, potential Polkadot ETFs by institutions like Grayscale and 21Shares are fueling investor anticipation. Finally, the price of DOT also managed to break above the daily 20 EMA and horizontal resistance at around $1.40 and above, while holding firm support at $1.23, a setup that could have triggered momentum buyers.
Analysts Share Technical Breakout Details
Responses to the post mention that this move in the price of DOT looks like a 3-layer narrative combo: supply (issuance cut), plus demand (ETF anticipation), and a trigger (breakout). Despite the pump, the response states that fast pumps often retrace fast, but the key here would be to see whether $1.40 flips to support and how volume/derivatives trigger a reset. Another response calls this 3-part move the holy trinity of copium, offering the perfect exit for smart money. In contrast, another response says DOT is finally matching up to its potential and has entered the race.