Share this article
Polkadot's DOT Rises 6% as Bullish Momentum Breaks Key Resistance
The token gained amidst a wider rally in crypto markets, with the Coindesk 20 index up 4.2%.
Jul 2, 2025, 5:24 p.m.
What to know:
- Polkadot rose as much as 6% as crypto markets rallied.
- The token broke through resistance at the $3.34 and $3.44 levels.
- Polkadot to hold an AMA on X on July 8.
Polkadot's DOT surged 6% higher amid a rally in crypto markets, with strong volume supporting a decisive breakout through resistance at the $3.34 and $3.44 levels, according to CoinDesk Research's technical analysis model.
The model showed the price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for the subsequent rally.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The move higher in DOT came amidst a wider rally in crypto markets, with the broader market gauge, the Coindesk 20, up 4.2% at publication time. Polkadot is also holding a live AMA (Ask me Anything) on X on July 8.
In recent trading, DOT was 7.2% higher over 24 hours, trading around $3.57.
Technical Analysis:
- DOT climbed from $3.34 to $3.57 in the last 24 hours
- The price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for the subsequent rally.
- A decisive breakout occurred during the 13:00-15:00 UTC period with exceptionally high volume (4.2M in the 15:00 hour alone), pushing DOT through previous resistance at $3.34.
- The most explosive price movement occurred between 16:04-16:06 UTC, where DOT jumped nearly 3.2% with exceptionally high volume (261K), breaking through key resistance at $3.44.
- Price action formed a clear uptrend channel with higher lows and higher highs, suggesting continued bullish momentum.
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
