DOT Surges Up to 5% in Tandem with Bitcoin’s Push Toward Records

Polkadot’s DOT Jumps 5% as Crypto Markets Rally and Bitcoin Nears All-Time Highs

Polkadot’s native token, DOT, surged by as much as 5% over the past 24 hours, climbing from around $3.52 to a high of $3.70 on strong buying momentum, according to analysis from CoinDesk Research.

The rally picked up pace around 7 PM UTC on July 9, with trading volume hitting 4.21 million tokens, indicating increased investor enthusiasm.

This boost for DOT came amid a broader market upswing, with the CoinDesk 20 index rising 3.5% and Bitcoin (BTC) closing in on record highs near $112,000.

By the end of the latest trading session, DOT was trading near $3.67, up roughly 3.5% for the day.

Technical Overview

• Strong support formed near $3.54 during the main surge on July 9.
• Resistance levels emerged between $3.69 and $3.70, where DOT’s price faced repeated pushback.
• Previous support at $3.49 remained intact after a midday dip.
• Momentum indicators point to possible short-term consolidation following the sharp rise.
• Trading volume surpassed 4.2 million tokens, reflecting solid market activity.