Polkadot gains 1.9% to $1.91 as Coinbase (COIN) unlocks USDC integration
CoinDesk
Polkadot's DOT token rose 1.9% to $1.91, catalyzed by Coinbase's integration of the USDC stablecoin.Summary
Polkadot's DOT token experienced a 1.9% advance, reaching $1.91 on Tuesday, driven by the news that Coinbase enabled USDC stablecoin integration. According to CoinDesk Research's technical analysis model, this fundamental catalyst aligned with technical momentum, leading to a breakout. Trading volume was 17% above monthly averages, suggesting methodical accumulation rather than speculative buying, with support solidifying between $1.87 and $1.88. The breakout was further validated by heavy institutional volume, which was triple the session averages, maintaining prices near session highs and confirming a rising trend structure.
(Source：CoinDesk)