Polkadot Extends Rally as Volume Spike Confirms Breakout
Polkadot climbed 9.2% to $2.28 over the past 24 hours, firmly outperforming the broader crypto market as a surge in trading activity validated its breakout above a major technical barrier.
According to CoinDesk Research’s technical analysis model, DOT convincingly cleared the long-standing $2.25 resistance zone that previously stalled multiple rally attempts. The move was supported by a 60% jump in trading volume relative to the seven-day average—an indication that institutional flows, rather than short-lived algorithmic activity, were driving the breakout.
The model highlighted a clean ascending price structure, with DOT rising from $2.08 to $2.30—an 11.6% range. A sequence of higher lows at $2.08, $2.23, and $2.29 further cemented the asset’s bullish momentum.
However, the rally is now approaching a short-term ceiling, with a double-top formation emerging near $2.301. This level represents the next key hurdle for bulls.
The broader market also saw strong upside, with the CoinDesk 20 Index advancing 8% alongside DOT’s outperformance.
Technical Analysis
- $2.25 flips from resistance to support: The former ceiling is now acting as a crucial price floor, while upside pressure is constrained by the $2.30–$2.301 double-top region.
- Volume confirms legitimacy of the move: Trading activity surged 60% above the weekly average, signaling meaningful institutional participation and underscoring $2.25 as a pivotal breakout level.
- Bullish structure remains intact: Higher lows at $2.08, $2.23, and $2.29 reflect a steady ascending trend. The developing double-top suggests a brief consolidation may occur before any further expansion.
- Upside potential remains open: A decisive push above $2.31 would clear the path for additional gains, with $2.25 offering a well-defined risk level for continuation setups.

More Stories
Altcoins gain alongside ether as bitcoin recovers $76,000, but upside looks fragile
U.S. drives institutional crypto while Asia tops trading activity, CoinDesk Research finds
Michael Burry sounds ‘death spiral’ alarm after silver liquidations surpass bitcoin