Polkadot Posts 4% Jump as Bulls Take Control

Polkadot Surges on Institutional Demand, Faces Resistance at $3.80

Polkadot’s native token DOT surged nearly 4% over the past 24 hours, briefly touching $3.80 amid a wave of institutional buying and broader crypto market strength.

The move from $3.65 to $3.80 was supported by a sharp rise in trading activity, with volume hitting 5.29 million—more than triple the daily average of 1.83 million, according to CoinDesk Research’s technical model. The most notable price action occurred between 10:00 and 11:00 GMT, when DOT jumped from $3.68 to $3.79.

The rally confirmed a strong accumulation zone around the $3.68 support level, but upside momentum stalled near $3.80 as profit-taking set in on elevated volume. That resistance level has emerged as a key barrier in the near term.

Despite the price strength, Polkadot’s staking rate has dipped slightly to 49.17% over the past week, potentially reflecting a reallocation of capital toward trading activity.

The move comes as part of a broader market uptick, with the CoinDesk 20 index climbing 3.7% during the same period. At last check, DOT was trading around $3.76, up 3% on the day.

Technical Snapshot

• Support Level: $3.68, confirmed by high-volume accumulation.
• Resistance Level: $3.80, where selling pressure remains active.
• Momentum: Higher lows and increased institutional activity suggest a continuation of bullish sentiment, though short-term consolidation is likely.
• Market Context: DOT’s breakout tracks with broader crypto optimism and improved risk appetite.

As long as DOT holds above key support and maintains volume strength, bulls may aim for a breakout beyond $3.80. However, immediate gains may remain capped unless fresh catalysts emerge.