Polkadot (DOT) outperformed the broader crypto market on strong volume, climbing steadily after breaking key resistance levels. Trading activity surged 34% above weekly averages, signaling that institutional investors were driving the move.
DOT opened at $1.99 and maintained an upward trajectory over 24 hours, demonstrating technical strength compared with the wider market, according to CoinDesk Research’s technical analysis model. Volume patterns suggested the rally was institution-led rather than retail-driven.
During the same period, the CoinDesk 20 Index gained 9%, highlighting DOT’s relative outperformance and indicating asset-specific factors behind the surge. The token extended gains from $2.141 to $2.245, representing a 4.9% increase above initial breakout levels.
The rally formed higher lows at $2.186 and $2.193, before breaking through $2.220 resistance on exceptional volume exceeding 200,000 DOT in a three-minute spike.
Key technical highlights:
- Support: $2.05, with prior $2.15 resistance now acting as support
- Next target: $2.30 psychological level
- Breakout volume: 6.43M DOT, 195% above 24-hour SMA, confirming institutional backing
- Trend: Ascending with higher highs and lows; breakout from $2.00–$2.15 consolidation range
- Trading setup: Target $2.30, stop below $2.05, maintaining a 3:1 reward-to-risk ratio
DOT’s strong price action and elevated volume suggest continued bullish momentum, supported by institutional demand and solid technical patterns.
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