Polkadot – Examining odds of a pullback after DOT’s 30% surge

Key Points

1. Polkadot's price surged 30%, reclaiming a key support level, with RSI at 73 and Open Interest at $483 million, indicating bullish sentiment.

2. 80% of Binance traders are betting long on DOT, with a Long/Short ratio of 3.92, the highest since June 2025.

3. DOT's Open Interest surged by 4.50% to $483.36, and its 24-hour trading volume increased by 48%, signaling strong bullish momentum.

4. The RSI suggests DOT is overbought, hinting at a potential short-term correction, but holding above $3.90 could lead to a rally toward $5.40.