DOT Price Surges 6% As Polkadot Breaks Key Resistance Level

Polkadot's DOT cryptocurrency surged 6% in the past 24 hours, climbing from $3.88 to $4.11 with exceptionally high trading volume according to CoinDesk Research's technical analysis. The bullish breakout established resistance at $4.11 before the token consolidated between $4.05-$4.07 as investors took profits. This consolidation phase indicates healthy market activity following the morning breakout, with strong support maintained above $4.05. At recent trading, DOT remained 6% higher over 24 hours, trading around $4.07. The broader cryptocurrency market also showed significant gains, with the CoinDesk 20 index rising 5%. Technical Analysis: Trading range expanded by $0.30 during breakout rally; Volume spiked to 7,009,142 units during 4% single-hour gain at 8:00; Peak trading volume exceeded 24-hour average by 5x; Strong resistance formed around $4.11 with selling pressure; Support held above $4.05 during consolidation; Two correction waves identified during profit-taking period.