Polkadot Rises 4% Amid Crypto Market Stabilization
Polkadot (DOT) saw a 4% increase in the last 24 hours, rising from roughly $2.13 to about $2.21. During the day, the price reached an intraday high of $2.39 on a volume spike of 15.89 million DOT tokens, signaling a breakout attempt. DOT found primary support at $2.19 and resistance at $2.39, with the price consolidating around the $2.19-$2.20 range.
The 24-hour volume was 31% below weekly averages, indicating selective rather than broad-based buying. Earlier breakout volume was 284% above the moving average before fading as the price settled near $2.20. This movement reflected measured institutional participation more than aggressive accumulation, with a V-shaped recovery and higher lows suggesting a constructive near-term outlook.
In the broader market context, the CoinDesk 20 index rose about 2.4% at the time of publication, with DOT's performance largely aligning with overall market sentiment.
