Polkadot’s DOT price rose 4% in 24 hours, hitting $3.80 due to institutional buying. Volume spiked to 5.29 million units, 3x the daily average, confirming strong accumulation at $3.68 support. Resistance at $3.80 capped gains as profit-taking emerged.

The staking rate on Polkadot dropped to 49.17% over the last week. The wider crypto market also saw a 3.7% rise with the Coindesk 20 index. DOT was trading at around $3.76, up 3% over 24 hours.

Institutional distribution at higher levels signaled a breakdown of the previous bullish structure. Strong high-volume support was established at the $3.68 level. Key resistance emerged at $3.80, where price reversed on elevated volume. Upward momentum with higher lows indicated continued bullish sentiment.

Read more at Yahoo Finance: DOT Gains as Much as 4% in Strong Bullish Breakout