Polkadot Wave Analysis – 16 October 2026

Polkadot: ⬆️ Buy

– Polkadot reversed from support level 1.0300

– Likely to rise to resistance level 1.2600

Polkadot cryptocurrency recently reversed up from the support zone between the support level 1.0300 (former resistance from the middle of August, which stopped wave i), the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from the middle of August.

The upward reversal from this support zone completed the ABC correction 2 from the end of September.

Given the strength of the support level 1.0300, Polkadot cryptocurrency can be expected to rise further toward the next resistance level 1.2600 – which has been reversing the price from the end of September, stopping wave b at the start of October.