Polkadot (DOT) is currently trading at approximately $8.21, reflecting a significant rise of over 15% in the past 24 hours. It recently peaked at a high of $8.53 before settling back slightly. The 24-hour trading volume has surged to around $1.59 billion, signaling strong market interest.
Key levels to monitor:
Upside: A sustained breakout above $8.53 could pave the way for further gains, potentially targeting the $9.00 zone.
Downside: Holding support above $7.80 is crucial for maintaining bullish momentum; otherwise, a decline toward $7.30 could occur.
Traders are advised to capitalize on this momentum while managing risks with stop-loss orders.