- The approval odds for the Polkadot ETF rose to 90% in November due to the US SEC decision.
- Polkadot (DOT) recently broke important resistance at $4.11, with eyes at $4.42.
- Recently, votes were held for native PUSD Stablecoin, which was supported solely by collateral from DOT.
Polkadot (DOT) exhibits recently updated strength, surpassing key resistance levels, attracting attention from multiple aspects.
The combination of US-listed Polkadot Exchange-Traded Fund (ETF), governance shifts and rising expectations for new proposals from native Stablecoin have pushed DOT into the spotlight.
Traders are currently looking closely to see if cryptocurrencies can hold the ground above $4.28 and run towards $4.42.
Polkadot ETF approval odds increase
One of the most obvious drivers of Polkadot’s recent momentum has been advances in terms of ETF.
The 21Shares Polkadot ETF, trading under Ticker TDOT, was recently added to the Dository Trust & Clearing Corporation (DTCC) National Securities Clearing Corporation list.
The 21Shares Polkadot ETF (TDOT) and 21Shares Sui ETF (TSUI) are listed on the DTCC website. This list is part of the standard preparation process for launching a new ETF and does not indicate that the product has received regulatory approval or has completed any other approvals
However, this list does not mean that the fund is authorized to trade, but it shows that the basis for settlement and transaction is already in place.
Analysts from Bloomberg and other outlets gave strong odds of approval for Polka Dot’s ETF to approve an approval chance that was estimated to be around 90% by November 2025.
That approval marks a turning point by opening the door to capital of the institution through a regulated investment vehicle.
ETF optimism has also spilled into a wider market, with funds related to SUI and Solana making similar advances.
meanwhile Solana The presence of polka dots in the DTCC list is widely expected to be in the first line.
Technical breakouts spark trader interest
In addition to Institutional News, DOT provided a definitive technical breakout.
On October 1st, tokens surged beyond the $4.11 resistance level of a wave of trading volumes five times above average.
The breakout has overridden a long-term descending trendline that had been pulling dots back for nearly two years.
Furthermore, the technical indicators remain supportive, sitting at a neutral relative strength index (RSI) of 52.18, suggesting there is still room for upward movement before the acquisition conditions emerge.
Beyond current market momentum, Altcoin must hold above $4.28 for bullish confirmation. The next immediate resistance sits at $4.42.
Polka Dot Governance Reforms Stir Discussion
Beyond market behavior, Polkadot’s governance is undergoing change.
The Web3 Foundation recently introduced stricter surveillance of the Ministry of Finance’s proposal, an initiative aimed at reducing fund misuse and improving transparency.
With around 15% of Polkadot’s inflation going towards ecosystem projects, a more stringent review process is expected to ensure that these funds are spent more effectively.
However, not everyone is welcoming to development. Some community members see the strong role of the foundation, away from the decentralized spirit, the champion of Polkadot.
Native Stablecoin Suggestions on Tables
At the same time, a big vote began. The RFC-155 proposal is a proposal written by Bryan Chen, and is about to introduce PUSD, a native radicalized Stablecoin powered by DOT only and supported by the Honzon protocol.
This protocol was previously used to run ACALA AUSD, but is now being reconsidered as a polka dot first solution.
The proposal assumes that PUSD will become a native Stablecoin for Polkadot Asset Hub, reducing the ecological dependency on third-party publishers such as Tether and Circle.
Supporters claim that PUSD unlocks DOT’s new utility and allows users to borrow without selling tokens, allowing financial operations to resolve payments in stable currency.
The design also includes a regular module that allows holders to lock PUSD and earn interest funded by stability fees, creating demand-side incentives to maintain PEG.
But critics should be aware of political and competitive implications. The system-issued stubcoins could be perceived as a threat to parachine-based projects such as Hydration’s Horror, or to centralized stubcoins that are already dominated by ecosystems.
Polkadot Price Outlook: $4.42 Eye
For now, Polkadot is riding on a combination of ETF optimism, technological strength and governance reform that gave it a reason to pay attention to the market.
The deadline for the November ETF decision has emerged as a key moment, and approval is likely to trigger a new wave of institutional influx.
At the same time, the results of the PUSD voting could reconstruct the position of the polka dots within the stubcoin landscape.
Short-term questions for traders remain technical. Can I try to go beyond $4.28 and try $4.42?
Now, with market sentiment improvements and structural changes underway, the answer may decide whether Polkadot’s current rally is short-lived or proves the beginning of a larger trend.
