Polkadot (DOT) surged past key resistance levels, outpacing broader crypto markets as trading volume jumped 34% above weekly averages, signaling strong institutional demand.
The token opened at $1.99 and steadily climbed throughout the 24-hour period, demonstrating technical strength relative to the wider market, according to CoinDesk Research’s technical analysis model. Volume patterns indicated that the rally was largely institution-driven rather than retail-led.
During the same period, the CoinDesk 20 Index rose 9%, highlighting DOT’s relative outperformance and suggesting that asset-specific factors were driving its momentum. DOT extended gains from $2.141 to $2.245, marking a 4.9% advance above initial breakout levels.
The rally featured higher lows at $2.186 and $2.193, followed by a decisive break above $2.220 resistance on exceptional volume, exceeding 200,000 DOT in just three minutes.
Key technical levels include:
- Support: $2.05, with prior $2.15 resistance now acting as support
- Next target: Psychological level at $2.30
- Breakout volume: 6.43M DOT, 195% above 24-hour SMA, confirming institutional participation
- Trend: Ascending with higher highs and lows; successful breakout from $2.00–$2.15 consolidation range
- Trading guidance: Target $2.30, stop below $2.05, maintaining a 3:1 reward-to-risk ratio
Overall, DOT’s combination of strong price action and elevated volume points to sustained bullish momentum underpinned by institutional buying and solid technical structure.
