Key Takeaways
Polkadot (DOT) is back in the spotlight after the team announced it passed a proposal to introduce a long-awaited hard cap.
Historically, DOT has not had a maximum supply, so the proposal marks a significant shift in its tokenomics.
Combined with the DOT price bouncing after its all-time low, the chances of a long-term bottom have risen considerably.
On Sept. 14, the Polkadot team announced that its Decentralized Autonomous Organization (DAO) had passed a proposal to introduce a hard cap on the DOT supply.
Today, 1.6 billion DOT exist, with 120 million minted each year. There is no supply cap, so the DOT supply will likely increase in perpetuity.
The new proposal gives a 2.1 billion hard cap on the DOT supply, with the issuance declining every two years on March 14.
This effectively lowers the emissions and makes DOT scarce, contributing to its long-term value.

By 2040, the only model would have led to a supply of 3.4 billion, which will be only 1.91 billion with the new modes.
The weekly chart shows that DOT fell to a new all-time low of $3 in June 2025, breaking below the $3.80 horizontal support area, which had existed for nearly two years.
However, instead of breaking down to new lows, Polkadot bounced almost immediately afterward, reclaiming the horizontal support area.
These deviations usually lead to sustained movements in the other direction, which has yet to transpire for DOT.
Nevertheless, Polkadot’s price maintains its higher low above the $3.70 horizontal support area, so the bullish projection is still valid.

In addition, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) created bullish divergences (orange) before the breakout and have increased since.
So, the most likely long-term DOT prediction is a gradual increase toward the $11 horizontal resistance area, which is also the range high.
The daily time frame Polkadot price analysis shows that the price has increased alongside an ascending support trend line since the all-time low.
Combined with the $4.56 horizontal resistance area, the trend line creates an ascending triangle, a bullish pattern.
The triangle fits perfectly with the long-term reclaim, predicting a similar rally.

An upward movement that travels the entire height of the triangle will bring the DOT price to $6.30, reaching the middle of the range.
Once it gets there, the reaction will likely determine if DOT reaches the range high or not.
Positive news regarding the Polkadot hard cap proposal has contributed to its positive sentiment.
DOT looks positioned for a potential recovery toward its mid-range resistance.
Whether this momentum extends into 2025 will depend on how the market reacts at upcoming key levels.