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 minimal divergence from sector sentiment.
The broader market gauge, the CoinDesk 20 index, was 2.4% higher at publication time.
Technical Analysis:
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.
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