Polkadot Gains 9% After Breaking Key $2.25 Resistance

Polkadot gained 9.2% to $2.28 over the last 24 hours, outperforming the broader crypto market.

DOT punched through the critical $2.25 resistance level that capped previous rallies, according to CoinDesk Research’s technical analysis model.

The model showed that trading volume surged 60% above the seven-day average, confirming genuine institutional interest behind the breakout move.

The price action showed a textbook ascending pattern as DOT climbed from $2.08 to $2.30 across an 11.6% range, according to the model.

Higher lows formed at $2.08, $2.23, and $2.29, establishing clear bullish momentum, the model said.

A double-top formation around $2.301 signals near-term resistance.

Wider crypto markets also surged higher, with the broader market gauge, the CoinDesk 20 index up 8%

Technical Analysis

• Former $2.25 resistance now serving as key floor; upside faces $2.30-$2.301 double-top formation
• Trading activity 60% above 7-day average confirms institutional flows beyond algorithmic noise; peak volume at breakout validates $2.25 as significant technical milestone
• Ascending trend with higher lows at $2.08, $2.23, and $2.29 supports bullish structure; double-top near $2.301 suggests consolidation before potential continuation
• Clear break above $2.31 opens further upside with $2.25 support providing defined risk; current levels offer favorable risk-reward for continuation trades

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.