I just noticed that DOT is catching traders' attention again. At the end of February, this token jumped 22% in a single day—pretty solid for the market recovery happening at that time. Bitcoin is approaching $70k, Ethereum regained support at $2k, and DOT also rose to $1.74 last month.

There are several factors that seem to be pushing the price up. First, the Polkadot halving scheduled for March 14 will cut token issuance in half—that could be a sentiment driver. Then there's buzz about the possibility of a spot DOT ETF launching from some major companies. If approved, investors could gain exposure to DOT through regular brokers without holding the tokens directly, which usually brings fresh money into the market.

Technically, it also looked okay at that time—DOT broke above the $1.40 resistance with strong support at $1.23. Some traders are optimistic, predicting it could continue to $1.80 or even $2-3 in the long term.

But caution is needed; the RSI is already in overbought territory at (73). Check the latest data on CoinGecko or other platforms before making any decisions. The market remains volatile, and many factors can quickly change the direction. What are your views on DOT right now?