Polkadot Rises 4% as Crypto Markets Stabilize
Polkadot gained 4% to $2.21 during the last 24 hours.
The move occurred following a sharp volume spike that drove DOT from $2.12 to session highs of $2.39, according to CoinDesk Research’s technical analysis model.
The model showed that trading volumes surged 284% above the moving average during the breakout phase before declining as prices settled back toward $2.20.
The token demonstrated measured institutional participation rather than aggressive accumulation, the model said.
Overall 24-hour volumes ran 31% below weekly averages despite the intraday volatility, indicating selective rather than broad-based buying interest across the session, according to the model.
DOT’s performance tracked broader cryptocurrency market dynamics with…
