Polkadot’s move toward its Join-Accumulate Machine (JAM) upgrade sparked discussions around this technological advancement happening on X.
Polkadot Price Prediction
Recent analysis showed that Polkadot (DOT) successfully escaped from its falling wedge pattern indicating an end to its long-term price decline.
The recently observed breakout indicated that DOT could be transitioning into a bull market while facing upcoming resistance barriers located at $5.50, $7.60 and $9.25.
At the time of writing the price reached $4.75 following a break of the 50-day SMA that historically functioned as a dynamic resistance during falling wedges.
Such persistent price movements beyond this level would indicate bullish continuation as the asset seeks to reach higher price zones.
The market had been following a falling wedge pattern which exhibited multiple decreasing highs and lows for multiple months.
The price exceeding descending resistance levels indicated a reduction of selling pressure which could drive the market towards an accumulation phase.
A liquidity gap found through volume analysis at $5.50 revealed potential speed-up movements to $7.60 and potentially reaching $9.25.
If DOT fails to sustain support at $4.69 then the token could reevaluate both the $4.18 support or potentially decline as far as the $3.9 4 support zone.
The loss of seller control below $3.94 could cancel out the bullish expectations by starting a downward price movement.
Market momentum signaled by the Relative Strength Index remained sufficiently balanced at neutral points and thus it suggested potential for continued upward movement.
The short-term potential for DOT lies in its chance to climb up to $7.60 while its primary objective stands at $9.25.
The current rejection level will either trigger a consolidation phase or cause a new examination of past support areas to verify the breakout sustainability of DOT.
Polkadot Upgrade Eyes Faster TPS
The intended upgrade could increase Polkadot’s operational capabilities because these systems were already verified to handle 143,000 transactions per second (TPS) on the blockchain.
JAM integrates a parallel processing designed that calculates over 1 Million TPS more than modular chains because it enabled genuine parallel operation of states rather than isolated computation steps.
The upcoming 500ms block times on Polkadot could be enabled through asynchronous backing but some experts predict this timing metric may become less vital following the system update.
The economic parameters of Polkadot have undergone an update that uses the Nominated Proof-of-Stake (NPoS) system to perform secure off-chain computations and sets an annual reduction path for inflation to reach 7% and below.
The decentralization of Polkadot boosts its Nakamoto coefficient to more than 300.
The numerical evidences regarding decentralization metrics and TPS projections remain unverified through accepted platforms including peer-reviewed studies and blockchain analytics platforms thus existing as speculative information.
The price of DOT could possibly rise if the upgrade enhances adoption rates. If upgrade claims continue remaining unverified investors could show doubt toward DOT, which could slow down its growth rate while enforcing prices to stay under $5.
