Polkadot's DOT Rises 6% as Bullish Momentum Breaks Key Resistance
2025-07-02 18:16:02
Main Idea
Polkadot's DOT token rose 6% as it broke through key resistance levels amid a broader crypto market rally, with an upcoming AMA on X announced.
Key Points
1. Polkadot's DOT surged 6% amid a crypto market rally, breaking resistance at $3.34 and $3.44.
2. The token found strong support at $3.25 during the 01:00 hour.
3. The broader crypto market, as measured by the CoinDesk 20, was up 4.2% at publication time.
4. Polkadot announced a live AMA (Ask Me Anything) on X scheduled for July 8.
5. DOT traded around $3.57, up 7.2% over 24 hours.
Description
Polkadot's DOT surged 6% higher amid a rally in crypto markets, with strong volume supporting a decisive breakout through resistance at the $3.34 and $3.44 levels, according to CoinDesk Research's technical analysis model. The model showed the price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for the subsequent rally. The move higher in DOT came amidst a wider rally in crypto markets, with the broader market gauge, the Coindesk 2...
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