Polkadot's 6% Surge Sets Stage for Bollinger Band Battle

Polkadot (DOT) has surged nearly 6% in the past 24 hours, trading at $1.15 as of this morning on Binance spot.

The coin's price is now above every major moving average, a rare alignment that suggests momentum.

Whales are heavily long on DOT, with a 69.9% long position ratio, indicating smart money has loaded up in anticipation of further gains.

However, the MACD momentum indicator is currently flatlined, which could signal either a pause before the next leg or a loss of steam as DOT approaches resistance.