Polkadot's breakthrough is approaching, regulators are worried

Polkadot (DOT) is gaining bullish momentum with a weekly gain of 5%, as trader sentiment turns positive, with long-short ratios of 3.9 and 2 for Binance and OKX, respectively. Analysts stressed that $5 is the key breakthrough, with a target price of $5.5 or higher, and the technology pattern and solid support above $3.5 will support it. However, due to the limited number of cryptocurrency ETF approvals currently, the Securities and Exchange Commission (SEC) has postponed Grayscale’s spot DOT ETF approval decision to November.