BTC
$109,101.64
+
1.32%
ETH
$2,744.76
+
8.36%
USDT
$1.0002
–
0.03%
XRP
$2.2886
+
1.20%
BNB
$662.49
+
0.98%
SOL
$158.55
+
2.67%
USDC
$0.9998
–
0.00%
DOGE
$0.1924
+
4.33%
TRX
$0.2932
+
3.66%
ADA
$0.6987
+
4.05%
HYPE
$40.44
+
8.07%
SUI
$3.4555
+
3.42%
LINK
$15.09
+
8.30%
AVAX
$22.02
+
5.03%
XLM
$0.2768
+
3.72%
BCH
$434.14
+
3.56%
TON
$3.3468
+
4.33%
LEO
$8.8450
–
2.80%
SHIB
$0.0₄1306
+
3.51%
HBAR
$0.1801
+
5.30%
Jun 10, 2025, 1:04 p.m.
- DOT gained 6% amid a wider rally in crypto markets.
- The token closed above the psychological $4.10 resistance level, suggesting further upside.
Polkadot (DOT) gained as much as 6.3% amid renewed interest in its parachain ecosystem and Polkadot 2.0 developments, and a wider rally in the crypto market.
Closing price of $4.129 positions DOT above the psychological $4.10 resistance level, suggesting continued bullish sentiment, according to CoinDesk Research’s technical analysis model.
STORY CONTINUES BELOW
DOT is currently 6% higher, trading around $4.285
The broader market gauge, the CoinDesk 20 index was 4.3% higher at publication time.
Technical Analysis:
- DOT formed an ascending channel throughout the 24-hour period, with the $4.215 peak at 01:00 establishing a new resistance level.
- A moderate pullback followed the peak, suggesting profit-taking after the rally while maintaining most gains above the $4.10 psychological level.
- Strong bullish trend continued with DOT climbing from $4.014 to $4.126, representing a 5.5% gain with significant volatility.
- Notable breakout occurred during 21:00-22:00 timeframe when prices surged past the $4.10 resistance level on above-average volume.
- Key support established at $3.987 following high-volume buying at the 13:00 low.
- Sharp breakout between 07:21-07:26 reached a local high of $4.138 with exceptionally high volume (98,733 units), confirming strong buyer interest.
- Minor pullback followed as prices consolidated around the $4.115 support level before staging another rally.
- DOT formed an ascending channel pattern with higher lows in the final minutes.
- Closing price of $4.129 positions DOT above the psychological $4.10 resistance level, suggesting continued bullish sentiment
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
