Polkadot’s DOT surged 6% higher amid a rally in crypto markets, with strong volume supporting a decisive breakout through resistance at the $3.34 and $3.44 levels, according to CoinDesk Research’s technical analysis model.
The model showed the price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for the subsequent rally.
The move higher in DOT came amidst a wider rally in crypto markets, with the broader market gauge, the Coindesk 20, up 4.2% at publication time. Polkadot is also holding a live AMA (Ask me Anything) on X on July 8.
In recent trading, DOT was 7.2% higher over 24 hours, trading around $3.57.
Technical Analysis:
- DOT climbed from $3.34 to $3.57 in the last 24 hours
- The price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for the subsequent rally.
- A decisive breakout occurred during the 13:00-15:00…
