Polkadot fell 10.60% to $1.07 on Binance spot on October 24, undercutting the $1.08 floor that Coin Edition analyst Parshwa Turakhiya identified on October 20 as the prerequisite for a move toward ...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

On October 20, Coin Edition's Parshwa Turakhiya wrote that DOT "could extend toward $1.17 and then $1.27 if it holds above $1.08." As of October 24, Binance spot price is $1.07 — below that conditional floor. The 24-hour session candle ran from $1.20 at the high to $1.07 at the low, with current price sitting at the base of the range. Until DOT reclaims $1.08 with sustained follow-through, the step-up scenario Turakhiya outlined is not active. The $1.27 extension target is doubly significant: it corresponds to the Bollinger upper band and sits adjacent to the strong resistance at $1.25, making that zone a convergence of multiple references if and when price eventually recovers.

The entire short- and medium-term moving average stack now sits above spot. The SMA 7 is at $1.12, EMA 12 at $1.13, EMA 26 and SMA 50 both at $1.14, and SMA 20 at $1.16. These five averages cluster tightly between $1.12 and $1.16 — territory DOT would need to reclaim to begin reversing its structure. Immediate resistance is supplied at $1.16, the same level as the SMA 20 and the Bollinger midband, creating a convergence point where multiple signals align.

04. 98 strong support.

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