- DOT saw a 63% spike in trading volume, indicating a move towards $10.
- DOT remained below key resistance levels, and mixed market metrics suggested $10 would be challenging.
Polkadot [DOT] has been performing modestly this cycle, unable to make a proper bullish breakout like Ethereum [ETH] and Solana [SOL].
However, its trading volume unexpectedly reached $266,625,875 in the past 24 hours, marking a 63% increase and indicating a sudden surge in market activity. Are traders trying to revive DOT?
DOT to $10?
AMBCrypto’s examination of DOT’s trading chart revealed an upswing in price after a prolonged period of lateral movement.
This was underlined by a sharp rise in the Relative Strength Index (RSI) from the oversold region (below 30) to a more neutral position at 41.39.
Source: TradingView
This increase aligned with the spike in trading volume, hinting at renewed interest and speculative activity as traders assessed DOT’s…
