Polkadot gained 9.2% to $2.28 over the past 24 hours, outperforming the broader crypto market.
DOT broke through the critical resistance level at $2.25 that has capped previous rallies, according to CoinDesk Research’s technical analysis model.
The model showed that trading volume jumped 60% above the seven-day average, confirming real institutional interest behind the breakout move.
The price action showed a classic upward trend as DOT climbed from $2.08 to $2.30 over a range of 11.6%, according to the model.
Higher lows formed at $2.08, $2.23 and $2.29, establishing clear bullish momentum, according to the model.
A double top formation around $2.301 signals near-term resistance.
Broader crypto markets also rose, with a broader market gauge, the CoinDesk 20 Index up 8%.
Technical analysis
- Former resistance at $2.25 now serves as a key bottom; upside faces double top formation from $2.30 to $2.301
- Trading activity 60% above the 7-day average confirms institutional flows beyond algorithmic noise; maximum volume at breakout validates $2.25 as important technical milestone
- The uptrend with higher lows at $2.08, $2.23 and $2.29 supports the bullish structure; double top near $2.301 suggests consolidation before possible continuation
- A clear break above $2.31 opens further upside with support at $2.25 offering defined risk; current levels offer a favorable risk-reward ratio for continuation trades
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
