DOT Breaks Resistance as Polkadot Gains 6% Amid Ecosystem Momentum
Polkadot’s DOT token posted a strong rally, rising 6.3% over the past 24 hours, as momentum builds around its parachain innovations and the broader rollout of Polkadot 2.0. The rally also tracked gains across the broader crypto market, with the CoinDesk 20 Index up 4.3% at press time.
DOT ended the session at $4.129, breaking above the important $4.10 resistance, a level many traders see as a key psychological and technical threshold. At last check, DOT was changing hands at around $4.285.
Technical Setup:
- DOT formed a bullish ascending channel throughout the day, with the $4.215 intraday high now acting as resistance.
- A quick pullback post-peak signaled short-term profit-taking, though support held above $4.10.
- Volume surged between 21:00 and 22:00, confirming the breakout above resistance.
- A spike in volume during the 07:21-07:26 window saw prices hit $4.138, further validating buyer interest.
- Support is clearly defined at $3.987, where a high-volume reversal occurred midday.
- Closing above $4.10 with sustained buying pressure points to continued upside potential.
With DOT holding key technical levels and sentiment around the Polkadot roadmap strengthening, bulls appear firmly in control — at least for now.
