Share this article
Polkadot's DOT Gains as Much as 5% as Bitcoin Nears All-Time Highs
The token gained amidst a wider crypto market rally, with the CoinDesk 20 index up 3.5%.
Jul 10, 2025, 12:21 p.m.
Make us preferred on Google
What to know:
- DOT gained as much as 5% as crypto markets rallied.
- Bitcoin was approaching all-time highs at $112,000.
Polkadot's DOT (DOT) surged as much as 5% in the last 24-hours, climbing from $3.52 to $3.70 as bulls dominated the session, according to CoinDesk Research's technical analysis model.
The model showed that a key breakout occurred at 19:00 on July 9, with DOT spiking to $3.63 on heavy volume of 4.21 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The rally in Polkadot came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 3.5%.
Bitcoin, the world's largest cryptocurrency, was approaching all-time highs at $112,000.
In recent trading, DOT was 3.5% higher over 24 hours, trading around $3.67.
Technical Analysis:
- Robust volume-based support established around $3.54 during the 18:00-21:00 surge on 9 July.
- Key resistance levels identified at $3.69-$3.70 where price encountered dual reversals during the session.
- Conventional support formed at $3.49 during the 14:00 session decline on 9 July.
- Critical support established around $3.68 levels during the 60-minute bearish pressure period.
- Momentum indicators signal oversold conditions suggesting potential consolidation.
- Elevated trading volumes exceeded 4.2 million during the principal rally phase.
