DOT Rises as Much as 5% Amid Bitcoin’s Run Toward All-Time Highs

Polkadot’s DOT Surges 5% Amid Broad Crypto Rally as Bitcoin Nears All-Time Highs

Polkadot’s native token, DOT, gained up to 5% over the past 24 hours, climbing from $3.52 to $3.70, fueled by strong buying volume and growing market momentum, according to technical analysis from CoinDesk Research.

The price jump accelerated around 7 PM UTC on July 9, with trading volumes hitting 4.21 million tokens, signaling robust investor interest.

This rally took place alongside a broader cryptocurrency market upswing, reflected in a 3.5% rise in the CoinDesk 20 index. Meanwhile, Bitcoin (BTC) continued its push toward all-time highs near $112,000.

As of the latest session, DOT was trading around $3.67, up 3.5% for the day.

Key Technical Points

Strong support was established near $3.54 during the main rally window on July 9.
Resistance appeared around $3.69 to $3.70, with price repeatedly testing but failing to break through.
Earlier support at $3.49 held firm after a midday dip.
Momentum indicators show potential short-term consolidation after an overextended move.
Trading volume surged to over 4.2 million tokens, reflecting high market participation.