Polkadot Breaks Through Key Barrier as Volume Spike Confirms Bullish Momentum
Polkadot rose 9.2% to $2.28 in the past 24 hours, sharply outperforming the wider crypto market after a decisive breakout above a long-standing resistance level.
CoinDesk Research’s technical analysis model shows DOT finally pushed past the critical $2.25 threshold that had repeatedly halted its previous advances. The breakout was supported by a 60% surge in trading volume compared with the seven-day average, signaling authentic institutional participation rather than short-lived automated activity.
DOT’s price action followed a classic upward trajectory, climbing from $2.08 to a local high of $2.30—an 11.6% intraday range. The formation of consecutive higher lows at $2.08, $2.23, and $2.29 reinforces the token’s strengthening bullish structure.
Still, the move faces near-term resistance around $2.301, where a double-top pattern is beginning to form.
Meanwhile, the broader digital asset market rallied as well, with the CoinDesk 20 index gaining 8%.
Technical Analysis
- Breakout confirmed: The former $2.25 ceiling has flipped into support, creating a strong foundation while upside remains capped near the $2.30–$2.301 double-top zone.
- Volume validates the move: Trading activity ran 60% above the weekly average, marking substantial institutional inflows and establishing $2.25 as a key technical milestone.
- Uptrend intact: Higher lows at $2.08, $2.23, and $2.29 indicate sustained upward momentum. The emerging double-top suggests a potential pause before continuation.
- Path forward: A clean break above $2.31 would open room for further upside, with $2.25 serving as a defined risk level for bullish setups.
