Polkadot led the top 100 cryptocurrencies by market capitalization, rising nearly 24% in 24 hours. Trading volume spiked 530% to $855 million, confirming aggressive participation behind the move. That rally coincided with altcoin rotation and renewed sector momentum. DOT surged by more than 41% from the lower support level at $1.235 of the triangle pattern to $1.750.
However, this spike cooled off, peaking at $1.75. Prior to the breakout, DOT consolidated for nearly two months as volume compressed. 24-hour Volume stood at 77.51 million DOT, marking a 28% increase from the previous session. That expansion aligned with widening Bollinger Bands, signaling rising volatility.
However, price paused near the former triangle resistance, now acting as a retest zone. If continuation followed, DOT could challenge the $2.00 level. Failure to hold structure could expose a pullback toward the 50% retracement of the recent move. From a broader perspective, this surge escalated altcoin talks, with Whale Factor pointing out that the season was now hitting a vertical phase.
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