Polkadot's DOT index rose 6% as bullish momentum broke through a key resistance level.

$DOT stock rose

DOT

3.563

+7.06%

Polkadot's Ethereum rose 6% amid a recovery in crypto markets, as strong trading volume supported a decisive breakout of resistance levels at $3.34 and $3.44.

The pattern showed that the price found strong support at $3.25 during 01:00 with above-average trading volume, laying a solid foundation for a subsequent recovery.

The $DOT surge comes amid a broader recovery in cryptocurrency markets, with the broader market index, the Coindesk 20, up 4.2% at press time. Polkadot is also holding a live Q&A session (AMA) on X on July 8.

In recent trading, the price of $DOT rose by 7.2% over the past 24 hours, trading at around $3.57.

Technical analysis:

DOT stock has risen from $3.34 to $3.57 in the last 24 hours.

The price found strong support at $3.25 during 01:00 AM, with above-average trading volume, laying a solid foundation for the subsequent upside.

The stock saw a sharp rise during the period from 13:00 to 15:00 UTC, with exceptionally high trading volume (4.2 million shares during 15:00 alone), pushing the #DOT stock above the previous resistance level at $3.34.

The period from 16:04 to 16:06 UTC saw the largest price movement, jumping by nearly 3.2% with exceptionally high trading volume (261,000 shares), breaking through the key resistance level at $3.44.

The price action has formed a clear upward channel with higher lows and highs, indicating continued upward momentum. #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #StrategyBTCPurchase