coinedition.com
20 October 2026 18:14, UTC
Polkadot price prediction for this week stays bullish above $1.08, the trendline and lower band $DOT needs to hold to keep $1.17 in reach.
$DOT is holding its rising trendline for now, with price at $1.13, down 1.91% today, between the lower Bollinger Band at $1.08 and the midline at $1.17. The line from the August low sits near $1.08, right beside the lower band, which makes that the floor for the week.
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Overhead, the midline at $1.17 is the first hurdle, followed by the upper band at $1.27 and a resistance zone near $1.30 that turned price back in September and October.
$DOT looks more likely to hold $1.08 than to break it this week, and a daily close below that level would put $1.00 in play.
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| Type | Price | Why it matters |
| Resistance | $1.17 | 20-day Bollinger midline |
| Resistance | $1.27 | Upper Bollinger Band |
| Resistance | $1.30 | Resistance zone, round level |
| Support | $1.08 | Lower Bollinger Band, beside rising trendline |
| Support | $1.00 | Round level near early-October low |
| Support | $0.94 | Mid-September low |
OpenGov Referendum 1954, titled the $DOT DAO Strategy Mandate, proposes that Polkadot put user acquisition ahead of metrics such as total value locked and the number of projects built on the network. Polkadot’s governance page on Subsquare lists it as Deciding, so it is a proposed strategy rather than an approved overhaul. The plan calls for three things:
Layer 1 network @Polkadot ($DOT) is the most expensive blockchain for 100,000 transactions over seven days, according to Chainspect data, while @SuiNetwork ($SUI) is the cheapest at $0.27.https://t.co/2jk3v2y2q6
— BSCN Newswire (@BSCNWire) October 20, 2026
BSCN reported on October 19 that Chainspect’s seven-day comparison put Polkadot’s relay chain above $1,000 per 100,000 transactions, against $0.27 for Sui. The report notes that relay chain fees do not show what users pay across Polkadot’s parachains, and that the figure reflects low relay chain activity over the measurement period.
$DOT derivatives volume rose 26.27% to $228.80 million, while open interest, the total value of open contracts, slipped 0.82% to $234.97 million, so traders are active but not adding to their bets.
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Liquidations, the forced closing of leveraged trades, were nearly even over 24 hours, at $119.47K for longs and $110.18K for shorts. Binance shows about two long accounts for every short.
| Metric | Value | What it shows |
| Derivatives volume | $228.80M, up 26.27% | Trading activity rising |
| Open interest | $234.97M, down 0.82% | Open positions barely changed |
| 24h liquidations | $229.65K, longs $119.47K | Longs and shorts lost about equally |
| Binance long/short ratio | About 2 | More accounts long than short |
$DOT holds above $1.08 and closes above the 20-day Bollinger midline at $1.17. That would put the upper band at $1.27 in play, with the $1.30 resistance zone above it. Progress on Referendum 1954 would give buyers fresh governance news to point to.
$DOT closes below $1.08, which would lose the rising trendline and the lower band together. That would put the round $1.00 level in play, and a close below it would expose the mid-September low at $0.94.
$DOT could extend toward $1.17 and then $1.27 if it holds above $1.08. Losing that level risks a slide toward the round $1.00 level.
It is the $DOT DAO Strategy Mandate, a proposal to prioritize user acquisition over total value locked and the number of projects built on Polkadot. It calls for a Polkadot Product Platform, competition with Web2 and mobile apps, and $DOT-backed stable assets called dotStables. Subsquare lists it as Deciding, so it has not been approved.
dotUSD is a protocol-owned stable asset Polkadot announced on October 8 after Referendum 1944 was approved and executed. The first phase is backed by $USDT reserves, with $2.5 million in $USDT used to mint the initial supply, and the $DOT-backed model is a later proposal.
According to BSCN’s report on Chainspect data, Polkadot’s relay chain cost above $1,000 per 100,000 transactions over seven days, against $0.27 for Sui. The report notes that relay chain fees do not show what users pay across Polkadot’s parachains, so the figure does not cover the whole network.
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