Polkadot’s DOT Jumps 6% Amidst Technical Breakout
Polkadot's DOT increased by 6% within 24 hours, moving from $3.88 to $4.11, with high trading volume.
- The breakout established resistance at the $4.11 level.
- DOT consolidated between $4.05 and $4.07 as profit-taking occurred.
- Support held above $4.05 during consolidation.
- Overall range during the rally was $0.30.
- Volume reached 7,009,142 units during a 4% gain at 8:00.
- Trading volume exceeded the 24-hour average by five times at peak momentum.
- Strong resistance formed around $4.11 due to selling pressure.
- Two correction waves identified during profit-taking.
The broader crypto market also rose, with the CoinDesk 20 index up by 5%.