Polkadot rose 9.2% to $2.28 in the past 24 hours, outperforming the broader cryptocurrency market.
According to CoinDesk Research’s technical analysis model, DOT broke above the key $2.25 resistance level that limited the previous rally.
The model shows trading volumes surging 60% above the 7-day average, confirming real institutional interest behind the breakout.
According to the model, the price action showed a textbook upward pattern, with DOT climbing from $2.08 to $2.30, an increase of 11.6%.
The model says that higher lows formed at $2.08, $2.23, and $2.29, establishing clear bullish momentum.
A double top pattern near $2.301 signals near-term resistance.
The broader cryptocurrency market was also sharply higher, with the CoinDesk 20 index up 8%
technical analysis
- The former resistance level of $2.25 is now a key bottom; the upside faces a double top pattern of $2.30-2.301
- Trading activity is 60% above the 7-day average, confirming that institutional flows are beyond algorithmic noise; peak volume on the breakout confirms that $2.25 is an important technical milestone
- Uptrend, with higher lows at $2.08, $2.23, and $2.29, supporting bullish structure; double top near $2.301 suggests consolidation before likely continuation
- A clear break above $2.31 opens up further upside, with support at $2.25 providing clear risk; current levels provide a favorable risk-reward for continued trading
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and reviewed by our editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
