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Polkadot's DOT Gains as Much as 4% with Bullish Momentum Surge
Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model.
The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators.
As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL), according to a post on X.
The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%.
In recent trading, Polkadot was 2.1% higher over 24 hours, trading around $3.66.
Technical Analysis:
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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