• Polkadot (DOT) faces short-term pressure but holds long-term recovery potential.
• The upcoming migration to Asset Hub, supported by Bitget, may temporarily disrupt services.
• Analysts foresee possible price rebounds if support levels remain intact.

Polkadot (DOT) is currently trading at $2.87, reflecting a 4.45% decline over the last 24 hours. Despite a 2.49% increase in trading volume, now at $302.16 million, the token has experienced a 5.68% drop over the past week. This movement mirrors broader cryptocurrency market volatility, where investor sentiment remains cautious ahead of major blockchain updates.

DOT Nears Key Support in Falling Wedge Pattern

According to crypto analyst Bit Amberly, DOT is positioned near the lower boundary of a falling wedge pattern on the weekly chart. A strong defense of this level could trigger an upward trajectory, with price targets projected at $4.30, $7.00, $10.50, and $15.50. However, failure to maintain current support zones could result in continued downside pressure.

Amberly emphasized that DOT’s current price behavior is “technically significant,” suggesting that a recovery could unfold if market confidence strengthens following the upcoming network developments.

Also Read | Can Polkadot (DOT) Outperform Other Layer-1s This October?

Bitget Supports Polkadot’s Transition to Asset Hub

A key driver shaping market sentiment is the scheduled Polkadot network migration to Asset Hub, supported by Bitget, set for November 4, 2025. This transition aims to enhance scalability and interoperability within the Polkadot ecosystem, ensuring smoother asset management across parachains.

During the migration, deposits, withdrawals, and crowdloan operations involving DOT will be temporarily suspended. Bitget and other exchanges, including BloFin, have confirmed these service interruptions, which are expected to last until the upgrade concludes. The Polkadot core team, working alongside community contributors, will oversee the transition to guarantee technical stability.

While the migration is expected to strengthen Polkadot’s infrastructure, short-term trading fluctuations may occur due to liquidity constraints during the suspension period.

Polkadot’s Asset Hub Migration Signals Major Milestone

Experts from Kanalcoin believe the Asset Hub migration could mark a turning point for Polkadot’s long-term growth. Drawing from the successful Kusama migration, analysts anticipate smoother operations and expanded functionality post-upgrade.

A statement on the Polkadot Forum highlighted the project’s commitment to minimizing disruption: “Our goal is to migrate seamlessly with minimal to no impact on chains, end users, and integrations. However, we recognize that this is a significant change that could present unforeseen challenges.”

If executed effectively, the migration could reinforce Polkadot’s position in the blockchain ecosystem, paving the way for renewed investor confidence and potential market recovery.

Also Read | Polkadot Price Gears Up for Explosive Rally Toward $3.78 Breakout