Polkadot Price Rises 7.87% to $0.85 After Overcoming Key Resistance

Polkadot (DOT) is experiencing a significant rally, with its price rising by 7.87% to $0.85 on the day.

The asset has overcome key short-term resistance and now sits above both its short- and medium-term moving averages.

However, it remains below longer-term trend markers, indicating that DOT's upward momentum is not yet confirmed.

According to technical analysis, DOT/USD is likely to consolidate within the $0.821 to $0.879 volatility band over the next 2-3 days.