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$DOT SEES STRONG BREAKOUT MOMENTUM
Polkadot is experiencing a powerful surge, climbing nearly 30% in the past 24 hours and now trading around $1.68.
📊 Key Technical Highlights
• Price has broken above the $1.43 resistance (30-day SMA)
• Successfully reclaimed and surpassed the key $1.50 psychological level
• Trading volume jumped over 129% to $549M, showing strong participation and conviction
The increase in volume suggests this move is backed by serious buying interest rather than short-term speculation alone
What’s Driving the Rally?
🔐 Scarcity Narrative – Anticipation is growing ahead of the upcoming supply reduction event, which is expected to significantly lower inflation and improve token scarcity.
📈 ETF Speculation – Market rumors around potential ETF filings are adding optimism and attracting attention from larger investors.
🛠 Token Supply Change – The introduction of a fixed supply cap (2.1B tokens) shifts the asset’s structure toward greater scarcity and long-term value positioning.
$DOT is currently leading momentum among major assets, outperforming Bitcoin and Ethereum over the same period.
The key level to watch now is whether $1.50 holds as new support. A successful retest could pave the way for further upside.
#dot #AltcoinRally