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By CD Analytics, Will Canny|Edited by Cheyenne Ligon
Oct 1, 2025, 3:38 p.m.
- DOT gained 6% amid a rally in crypto markets.
- The token has support around $4.05 and resistance at $4.11.
Polkadot’s DOT exploded 6% higher in the last 24-hours, surging from $3.88 to $4.11 on massive volume, according to CoinDesk Research’s technical analysis model.
The model showed the breakout established resistance at the $4.11 level before the token consolidated between $4.05-$4.07 as profit-taking kicked in.
STORY CONTINUES BELOW
The consolidation signals healthy profit-taking after the morning breakout, with support holding above $4.05 level, according to the model.
In recent trading DOT was 6% higher over 24 hours, trading around $4.07.
The wider crypto market was also notably higher, with the broad market gauge, the CoinDesk 20, up 5%.
- Overall range hits $0.30 during breakout rally.
- Volume exploded to 7,009,142 units during 4% single-hour gain at 8:00.
- Trading volume crushed 24-hour average by 5x during peak momentum.
- Strong resistance forms around $4.11 level where selling pressure emerges.
- Support maintained above $4.05 level during consolidation phase.
- Two correction waves identified during profit-taking period.
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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By Will Canny, AI Boost|Edited by Stephen Alpher
11 minutes ago
The institutional blockchain has reached more than 500K daily transactions, with major banks and U.S. crypto exchanges fueling unprecedented growth.
What to know:
- Canton Network has surpassed 500,000 daily transactions, Copper Research said.
- Major banks like Goldman Sachs, HSBC and Broadridge are driving adoption, alongside U.S. exchanges including Binance U.S., Crypto.com, Gemini and Kraken.
- A potential exchange listing of Canton’s token would mark the first for a permissioned blockchain backed by leading global financial institutions, the report said.
