Polkadot Sees DOT Rise 6% Amid Strong Rally Past Significant Resistance

Polkadot’s DOT Rises Over 6% as Broader Crypto Market Sees Upswing

Polkadot’s native token, DOT, posted gains of more than 6% on Tuesday, buoyed by renewed optimism in the wider crypto market. The price increase was backed by strong trading volumes and a decisive move beyond key resistance zones near $3.34 and $3.44, according to technical insights from CoinDesk Research.

Analysts highlighted that DOT secured firm support around $3.25 during the 01:00 UTC hour, where heightened trading activity helped provide a solid base for its rally.

DOT’s price surge coincided with a broader market rebound, as the CoinDesk 20 Index — which tracks leading digital assets — was up 4.2% at press time. Investor sentiment also appears positive ahead of Polkadot’s upcoming live AMA (Ask Me Anything) session scheduled on X for July 8.

At the latest reading, DOT was trading near $3.57, representing a 7.2% gain over the past day.

Technical Highlights:

• Over the previous 24 hours, DOT rose from $3.34 to $3.57.
• Notable support was seen around $3.25 in the 01:00 UTC hour, with significant trading volumes underscoring the price floor.
• A key breakout occurred between 13:00 and 15:00 UTC, driven by heavy buying interest, with 4.2 million DOT tokens traded during the 15:00 hour alone, helping DOT surpass the $3.34 resistance level.
• The sharpest price surge was recorded between 16:04 and 16:06 UTC, when DOT jumped about 3.2% as trading volume spiked to 261,000 tokens, successfully clearing resistance at $3.44.
• DOT’s chart pattern has formed an upward channel characterized by higher highs and higher lows, signaling persistent bullish sentiment.