Polkadot price surpasses $2 thanks to support from Robinhood and Grayscale

Polkadot (DOT) prices return to the spotlight after a strong short-term rally, as two important news events simultaneously emerge.

Specifically, Robinhood has signaled the listing of spot trading for DOT, while Grayscale has added Polkadot to the list of assets under review for Q1/2026. This event has created positive momentum for the market, helping to improve investor sentiment and drive DOT’s impressive growth.

Although these pieces of information are clearly supportive, the price movement of DOT indicates that the next trend will depend on the market’s reaction at a key price zone.

As of now, DOT has gained nearly 5% over the week and about 17% over the past month – a rare achievement for large-cap altcoins in a subdued market. However, the rally has started to slow down as the price approaches a familiar resistance zone.

Impact of Robinhood and Grayscale on DOT price

Polkadot is a blockchain network designed to connect different chains and enable them to share data. The key factor for DOT’s current price is accessibility and market recognition.

Robinhood – one of the largest retail trading apps in the US – listing spot DOT will make it easier for retail investors to access. This not only boosts trading volume but also helps increase liquidity, making price fluctuations smoother. For many cryptocurrencies, appearing on Robinhood often provides a short-term demand boost.

Meanwhile, Grayscale adding Polkadot to its list of assets under review does not mean an investment product will be launched immediately, but only indicates that DOT is being considered for future investment products. This adds long-term credibility to Polkadot and signals that institutional investors are starting to pay attention again.

Grayscale prioritizes DOT | Source: XThese two factors explain the quick appearance of buying pressure. However, in the long term, the price will still be influenced by technical factors, and the chart will determine the stopping point of the rally.

DOT price faces resistance as momentum weakens

On the daily chart, Polkadot has entered the $2.27 – $2.38 zone, coinciding with the inverse head and shoulders pattern forecast. This has historically been a strong resistance zone, and once again, the price is rejected here, indicating selling pressure still dominates.

Polkadot price hits key resistance levels | Source: TradingViewMomentum indicators also give mixed signals. From 12/9 to 1/13, DOT formed lower highs, while the RSI created higher highs – a phenomenon called hidden bearish divergence, often appearing before a short-term market correction.

This does not mean the uptrend has ended, but only that the rally may need some “cooling off” time before continuing. The core issue now is how deep the correction will be.

The $2 threshold that determines whether the rally continues or fails

Money flow indicators help clarify this issue. The Money Flow Index, which tracks buying and selling pressure based on price and volume, remains in an upward trend, indicating that dips are being absorbed by buying.

The Chaikin Money Flow indicator also confirms this by rising above zero and continuing to increase during the recovery, reflecting that real money is still flowing into DOT, not just short-term trading.

Large capital flows | Source: TradingViewTherefore, if DOT corrects to the $2.02 or even $2.00 zone, it is still considered a healthy development. This area has previously served as support. As long as the price stays above the $2.00 threshold, buyers remain in control.

If DOT can close above $2.34 then $2.38, the next bullish target will be around $2.90, marking a clear trend reversal. Some experts even expect higher prices, but all start with a breakout above $2.90.

Conversely, if DOT breaks below the $2.00 level decisively, the scenario will change. In that case, the price could slide back to the $1.76 or even $1.64 zone – where the strongest buying interest previously appeared.

Mr. Teacher