$DOT Today’s focus isn’t the 13% rise, but whether it can hold 1.20 after breaking out on high volume.
As of 11:00, DOT perpetual is at $1.204, up 13.10% in the past 24 hours, with trading volume of about $247 million and an intraday high of $1.283. The 4-hour trend has been steadily climbing from around $1.06, but the latest candle has already pulled back to around $1.20; open interest is about 42.83 million DOT, the funding rate is 0.01%, and short-term long costs are rising.
On fundamentals, the Polkadot community is voting to upgrade the system chain to v2.5.0, with the official estimate of execution around September 11. This is a verifiable development in the near term, but it doesn’t directly equate to the reason for today’s rise. Holding 1.20 is what makes the breakout healthy turnover; returning to $1.283 would matter for further acceleration, while a break below $1.17 would raise the risk of “breakout spike then profit-taking.”#DOT #Polkadot #热点币
As of 11:00, DOT perpetual is at $1.204, up 13.10% in the past 24 hours, with trading volume of about $247 million and an intraday high of $1.283. The 4-hour trend has been steadily climbing from around $1.06, but the latest candle has already pulled back to around $1.20; open interest is about 42.83 million DOT, the funding rate is 0.01%, and short-term long costs are rising.
On fundamentals, the Polkadot community is voting to upgrade the system chain to v2.5.0, with the official estimate of execution around September 11. This is a verifiable development in the near term, but it doesn’t directly equate to the reason for today’s rise. Holding 1.20 is what makes the breakout healthy turnover; returning to $1.283 would matter for further acceleration, while a break below $1.17 would raise the risk of “breakout spike then profit-taking.”#DOT #Polkadot #热点币