Polkadot Price Forecast: Confluence of Positive Factors Could Send DOT to $10

Highlights:

• Polkadot is consolidating after the weekend pump
• Polkadot consolidation is likely building up momentum for another leg up 
• Bullish sentiment is driven by excitement around a possible Polkadot 2.0 rollout

Polkadot (DOT) is in the green today, outperforming most top 100 cryptocurrencies. At the time of writing, Polkadot was up by 3.75% to trade at $4. Alongside the rising price, Polkadot trading volumes were also on the rise. They are up by 228.19% to stand at $441.7 million.  

This is a positive signal that bulls are taking control and that they expect Polkadot to be headed much higher in the short term. The rising excitement around Polkadot has a solid basis. That’s because there are internal factors within Polkadot that could send the price higher. The macro environment is also getting increasingly favourable for Polkadot, which could send the price rocketing to new highs. 

Buzz Around Polkadot 2.0 Driving Bullish Sentiment

Starting with the internal factors, Polkadot is expected to make a big announcement today. While the nature of the announcement is yet to be confirmed, market watchers believe that Polkadot could be rolling out Polkadot 2.0. This is a big deal as Polkadot 2.0 is expected to come with a series of governance and technical upgrades that could push Polkadot network capabilities much higher than they are today. Going by the momentum Polkadot has built up in the last 24 hours, there is a good chance that once confirmed, such an upgrade could send Polkadot significantly higher in the short to medium term. 

Bullish catalysts lining up for Polkadot

GM CT & DOTbulls ⭕🐂

Big announcement from @Polkadot coming today.

The next few months are stacked:
–> ETF approval decision on Nov 8
–> 2.1B hard cap + inflation cut
–> Polkadot Pay going live
–> Games like @FIFARivals and… pic.twitter.com/yMFWwS0Qd5

— 𝗕𝗼𝘀𝘀𝗛𝘆𝗽𝗲𝗿 ⭕🐂 (@hyperkrypt) September 8, 2025

The strong anticipation of such an upgrade and its bullish implications are evident in Polkadot’s price action despite some negative news about its ETF. One of the latest news items about Polkadot is that the SEC has delayed a decision on Canary ETFs for Polkadot and several other cryptocurrencies. Ideally, such news tends to have a negative impact on the price, but in the case of DOT, it has not.

🚨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

Analysts Perceive DOT as Undervalued at Current Prices

Besides the anticipation around upcoming network upgrades, Polkadot is also set to get a boost from the perception that it is an undervalued cryptocurrency. Polkadot has a lot of potential in terms of onboarding institutional capital to the blockchain. Now that it is upgrading the network for better scalability, and the fact that Gavin Wood has returned to Polkadot, analysts believe it is highly undervalued when trading at under $10. This comes when the broader market sends signals that a rebound could see Polkadot rally to new highs in the short to medium term.

Gavin Wood returns as CEO of @paritytech

Polkadot 2.0 is about to launch and Gavin has decided to steer the ship for this crucial phase.

Thread on what it means for
– Parity
– Polkadot Tech
– Ecosystem & GTM
– Web https://t.co/RGYnBXDKL2 pic.twitter.com/SG9NNYhg9i

— Alice und Bob (@alice_und_bob) August 13, 2025

Macro Environment Favours a Polkadot Rally Short Term

At the same time, Polkadot is set to benefit from a macro environment that increasingly favours risk-on assets. The Federal Reserve is expected to cut interest rates at some point this month, after a series of data pointed to economic weakness. This is expected to push cryptocurrencies and other risk-on assets higher in the short to medium term. For Polkadot, the environment is particularly favourable because of the perception that it is undervalued relative to its fundamentals.

The Fed is set to cut rates on September 17 with an 88% chance of 25bps and a 12% chance of 50bps after weak U.S. jobs data.

Markets now price in 100% certainty of easing, making this the Fed’s first rate cut of 2025. Traders are watching closely as this move could shift… pic.twitter.com/F2hSxVY10O

— EveryX (@everyx_io) September 8, 2025

Technical Analysis – Polkadot Price Consolidating After Weekend Pump

Polkadot pumped over the weekend. However, it has since entered a consolidation phase and is now consolidating between the $4.07 resistance and $3.95 support. If the pump continues, and Polkadot rallies through the $4.07 resistance, then DOT could rally to $10 in the short term.

On the other hand, if there is a correction through the $3.95 support, then DOT could drop to the $3.79 support in the short term. Of these two scenarios, the odds are higher that the Polkadot price could rally through resistance and rally to $10. The confluence of positive factors around it could make such a scenario possible short term.