Polkadot’s $2 ‘Home’ Range: Bulls Test, Bears Wait… 🐻💸

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Dear friends, let us not forget that Polkadot is once again flirting with the $2 mark, a price band that has been dubbed the “home” range by the ever-enthusiastic Egrag Crypto. A veritable haven for bulls, though one might argue it’s more of a “wait-and-see” zone. 🎯

  • DOT has returned to a price band an analyst labels a long-term accumulation zone, after a sharp intraday drop and subsequent stabilization around $2.​ A drama we’ve seen before, but never quite the same. 🎭
  • Egrag Crypto frames the area as a structural floor using Wyckoff accumulation logic, liquidity wicks, and Polkadot’s multi-chain role, while still allowing for deeper downside. A masterclass in optimism, darling. 🧠
  • Inclusion in a Bitwise index and potential cycle-bottom dynamics support a long-term accumulation thesis, but traders are watching whether buyers defend this “home” range again. A question only time (and a few more losses) can answer. ⏳

Polkadot (DOT) traded near $2 on Friday as the cryptocurrency returned to a price level chart analyst Egrag Crypto has identified as a long-term accumulation zone since June 2022. How thrilling! A reunion with the past, though one suspects the past may have forgotten its manners. 🕰️

The token experienced a sharp intraday decline before consolidating around the price area, according to market data. Egrag Crypto, in a recent post, stated the current range represents what the analyst has termed the asset’s “home” range. A home, perhaps, where the ghosts of previous crashes linger. 🏡

Polkadot will halve its annual issuance on March 14, 2026. From 120M DOT to 55M DOT. Issuance will further decrease by ~26% every 2 years, reaching a fixed cap of 2.1B DOT by 2160

This has been approved via OpenGov referendum by @GldnCalf in Sept 2025

– Filippo Franchini (@filippoweb3) December 11, 2025

The analyst disclosed accumulating the token at higher levels and adding positions more recently at lower prices. Egrag Crypto characterized the range as a structural floor based on historical price behavior and Polkadot’s position in multi-chain infrastructure, according to the post. A structural floor? More like a structural tightrope. 🕷️

Polkadot trending on Bitwise

The analyst cited Polkadot’s inclusion in the Bitwise index fund and its multi-blockchain capabilities as factors supporting a long-term investment case. Egrag Crypto noted that an October price wick may represent either a black swan event or a cyclical retest of lower liquidity zones consistent with four-year market cycles. A black swan? Or just a very confused goose? 🦆

Polkadot sitting at top 10 in BITW crypto index, soon top 10 in crypto market Cap.@Polkadot holds 0.14% in the BITW Crypto Index, but its presence alone in a $1.25B fund (as of Dec 9, 2025) that’s about $1.75M in DOT.

This signals something important: major institutions…

– jesse blessed 🐂⭕ (@jesseblessed3) December 10, 2025

Chart data showed the token briefly rising above short-term resistance before reversing and dropping to lower levels where it stabilized. Trading volume increased during the early rally before shifting as sellers entered the market during the decline, according to the data. A classic tug-of-war, with no clear victor. 🧗‍♂️

Egrag Crypto’s analysis references Wyckoff accumulation structures, cycle timing, and Polkadot’s historical pattern of revisiting deep liquidity levels before recovering. The analyst’s framework poses questions including which Wyckoff schematic applies to current price structure, whether the current level represents a bottom, and potential upside targets if a cycle bottom confirms. A puzzle with no instructions. 🧩

The analyst maintains a long-term accumulation approach while acknowledging uncertainty about whether the token has formed a final bottom or could decline further, according to the post. A gamble with a side of hope. 🎲

Market participants are now monitoring whether buyers view the current price region as a long-term opportunity or whether market conditions will push the cryptocurrency lower into its accumulation band. A test of patience, or perhaps just a masochist’s delight. 🧘‍♀️

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2025-12-11 12:22