Published: July 3, 2025
Technical analysis from CoinDesk Research indicates that Polkadot's DOT token has surged by 6% in the cryptocurrency market, breaking through key resistance levels at $3.34 and $3.44. The price established strong support above the average level during the 01:00 UTC trading session, laying a solid foundation for subsequent upward movement.
Over the past 24 hours, DOT climbed from $3.34 to $3.57, marking a 7.2% increase. Trading volume spiked notably between 13:00–15:00 UTC, driving the price above critical resistance zones. This price action formed a clear ascending channel, reflecting sustained bullish momentum.
Key Technical Insights
- 24-Hour Surge: DOT rose 7.2% from $3.34 to $3.57.
- Strong Support: Early trading (01:00 UTC) showed above-average support, enabling later gains.
- Breakout Momentum: Between 13:00–15:00 UTC, unusually high volume (4.2M trades at peak) pushed DOT past $3.34 resistance.
- Explosive Move: At 16:04–16:06 UTC, DOT spiked 3.2% with 261K trades, breaching $3.44 resistance.
- Ascending Channel: Higher lows and higher highs confirm bullish continuity.
Wider Market Context
The broader cryptocurrency market rallied alongside DOT, with the CoinDesk 20 Index up 4.2% at press time. Polkadot will host a live AMA ("Ask Me Anything") on X (formerly Twitter) on July 8.
👉 Explore real-time DOT price trends
FAQs
What caused DOT’s sudden price increase?
High trading volume and technical breakouts past $3.34/$3.44 resistance levels triggered bullish momentum.
Is this uptrend sustainable?
The ascending channel and strong volume support suggest continued bullish potential, though market conditions remain volatile.
Where can I track DOT’s performance?
Use trusted platforms like OKX for real-time data and analysis.
👉 Learn how to trade Polkadot securely
Disclaimer: This content was reviewed by human editors for accuracy. For details, refer to CoinDesk’s AI policy.
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