Polkadot’s smart contracts hub is live, but DOT remains stuck – Why?

Despite the headlines around Polkadot’s latest upgrade, traders are still in wait-and-watch mode. At press time, DOT was trading near $1.87, slipping marginally by about 0.05% on the hourly chart.

Price action was choppy, with no clear trend continuation after a brief push toward the $1.89 zone. Traders seem relatively hesitant.

Source: TradingView

The RSI was around 53, firmly in neutral territory, so there’s no strong buying pressure or selling. Meanwhile, the CMF was positive at roughly 0.13. That’s modest capital inflows, but not at levels that usually accompany breakouts.

Source: Coinalyze

Aggregated Open Interest held steady near $90.3 million, which means traders are maintaining positions rather than adding any new leverage.

At the same time, Funding Rates averaged around -0.0033, slightly negative, so short positions are paying longs. Bullish conviction seems limited.

While Polkadot’s upgrade has drawn attention, traders perhaps believe that they’d benefit from greater confirmation before making any bold bets on the next move.

Final Thoughts

• Polkadot’s smart contracts hub launch hasn’t moved DOT yet.
• Derivatives are neutral, so traders don’t seem confident despite the upgrade.