Polkadot Price Soars 19% Amid Surge in Network Activity

Polkadot's price surged as network activity increased, according to data from BSCN. DOT recorded a 19% price appreciation within 24 hours, moving alongside a 150% expansion in daily transaction volume.

The trader Celal Kucuker shared a bullish long-term view on DOT, stating that a break of $1.30 on the weekly chart could see price reach $4 within weeks, with $10 mentioned as a further target if $4 resistance breaks, and $20 floated as a possibility in a strong bull run.

DOT is trading at $1.0655 after breaking above a long descending trendline that had capped the price since May. The breakout was sharp, pushing price well above both EMAs in a single session.