Polkadot’s $23 Target: How DOT Defies ETF Delays With 600% Rally Potential
Polkadot bulls eye a staggering 600% surge as institutional hurdles delay ETF approvals—proving once again that crypto moves faster than paperwork.
Defying Regulatory Delays
While traditional finance drags its feet on Polkadot ETF applications, DOT's technical foundations suggest it doesn't need Wall Street's blessing to rally. The network's parachain architecture keeps building while regulators debate.
The $23 Target
A 600% climb would propel DOT toward that $23 threshold—a move that would leave conventional asset returns looking downright pedestrian. Because why settle for 10% annual gains when crypto does that before breakfast?
Market Mechanics Over Mandates
Polkadot's momentum hinges on developer activity and parachain auctions, not SEC calendars. The ecosystem grows while ETF applicants navigate the SEC's special blend of bureaucratic molasses and compliance theater.
Finance's favorite game: creating hurdles then charging admission to watch others jump them. Polkadot might just bypass the stadium entirely.
(Source: Coingecko)
On Coinglass, sentiment is shifting for the better. Most traders are bullish, looking at the long/short ratio on Binance and OKX. On Binance, the top trader long/short ratio is 3.9, while on OKX, it is 2. This metric suggests that traders across major exchanges are positioning for a possible breakout. In the short term, a close above $5 will be massive and set a solid ground for a leg up that WOULD define price action in H2 2025.
(Source: Coinglass)
Will DOT USD Soar 600% To $23? Analyst Bullish
From the daily chart, the possibility of DOT ▲2.09% surging cannot be discounted.
The Polkadot price is still confined within the July 2025 range. Despite the cool-off in August, prices are still inside this bullish range, forming a flag.
PolkadotPriceMarket CapDOT$6.49B24h7d30d1yAll time
As it is, the local support is at $3.5 and $4, while the resistance is at $4 and $4.5. If Polkadot crypto buyers flow back, a high-volume close could see DOT crypto fly above $5 to as high as $5.5. In this way, DOT USD could outperform even some of the top solana meme coins.
On X, however, one analyst is bullish. He’s convinced Polkadot crypto is preparing for massive gains to lift it towards $23.
(Source: CCatalyst_2, X)
In the post, the analyst notes that DOT USD has found a firm footing above $3.5. Moreover, since prices are consolidating, there is a high probability of DOT crypto breaking above the descending wedge, lifting the coin to as high as $23.8, a +600% rally.
Usually, a breakout above the wedge, a bull flag, is a solid signal that buyers have retaken control. In the DOT USD case, there is a chance that if the DOT price breaks above the current chop and wedge, bulls will easily reclaim July and August highs, qualifying it as the next crypto to explode.
United States SEC Delays Spot Polkadot ETF Application
The confidence among DOT crypto traders comes days after the United States SEC postponed its decision on the application made by Grayscale for a spot Polkadot ETF.
In their response, the SEC extended the review period by another 60 days to November 8.
Polkadot ETF Update: The SEC has delayed its decision on Grayscale's @Polkadot ETF again.
Final deadline: November 8#Polkadot $DOT pic.twitter.com/PMMU8BuulK
— Polkadot.ERI (Polkadot Ecology Research Institute) (@Polkadot_ERI) September 7, 2025
Grayscale proposes creating a Polkadot Trust that provides institutions and retailers with access to DOT in a regulated environment. Unlike the spot ethereum ETF, the application retains staking capabilities. As such, investors will have a chance to earn DOT rewards from their holdings.
As of September 2025, the United States SEC has approved only two spot crypto ETFs. Notably, BlackRock, one of the world’s largest asset managers, is involved in these two products. BlackRock has previously stated that it “will be a while” before issuing any additional spot ETFs related to altcoins, including Polkadot and XRP.
It remains to be seen whether the United States SEC will approve another spot crypto ETF to add to its list. However, the agency generally expects to approve a spot Solana ETF.
(Source: Polymarket)
Punters are placing a 99.99% probability of the product hitting the market by the end of the year.
DOT USD Ready For A 600% Rally To $23? Polkadot ETF Delays
- DOT USD in a bullish formation
- Will Polkadot crypto soar to $23?
- United States SEC delays ruling on spot DOT ETF
- BlackRock not involved in the spot Polkadot ETF race
