Polkadot's Token Soars 6% Amid Market Rally and Key Resistance Breakthrough
Finance/Markets

Polkadot's Token Soars 6% Amid Market Rally and Key Resistance Breakthrough

Polkadot's DOT increased 6% as the cryptocurrency market experiences a general upswing, with the Coindesk 20 index climbing 4.2%.

Trade with eToro

Trade with eToro

Open an account

Trade on XM

Trade on XM

Open an account

Trade with XTB

Trade with XTB

Open an account

Polkadot’s Token Soars 6% Amid Market Rally and Key Resistance Breakthrough

Polkadot’s DOT surged 6% higher amid a rally in the cryptocurrency markets, aided by strong trading volumes. This price increase occurs as the broader market gauge, the Coindesk 20 index, has also shown an upward trajectory of 4.2% at the time of this report.

Key Points:

  • Polkadot rose to break through resistance levels at $3.34 and $3.44.
  • Strong support was observed at $3.25, providing a foundation for this upward momentum.
  • Polkadot is set to hold a live AMA (Ask Me Anything) session on X on July 8.

Recent analysis indicates that the token experienced rapid price action, demonstrating a bullish trend with higher lows and highs, suggesting potential continuation of this momentum.

Next article

Bitcoin Futures Open Interest Rises by Almost 10% as BTC Approaches $110K

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!