Polkadot's DOT Rises 6% as Bullish Momentum Breaks Key Resistance
Polkadot's token, DOT, saw a surge of 6% amidst a general rally in the cryptocurrency markets, with the Coindesk 20 index increasing by 4.2% at the time of the report. The token successfully broke through significant resistance levels at $3.34 and $3.44, supported by high trading volume. Analysis indicated that the price found robust support at $3.25 before the rally began. This upward movement was marked by a decisive breakout between 13:00 and 15:00 UTC with exceptionally high volumes, further accelerating between 16:04 and 16:06 UTC where DOT jumped nearly 3.2%. The overall price action suggests a clear uptrend with higher lows and higher highs, indicating strong bullish momentum. Additionally, Polkadot is scheduled to hold a live AMA on X on July 8, which may further influence market sentiment.
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