DOT has surged by 3.7% over the past week. Market indicators show Polkadot is experiencing strong positive market sentiment
has experienced favorable market conditions over the past month. As such, DOT has seen moderate gains on its price charts since hitting a local low of $3.8.
Despite the gains, DOT remained relatively low from its recent high of $6.477 and approximately 92.27% below its ATH of $55. As such, following accumulation during this period, DOT was strong enough to rally. The altcoin surged from $3.5 to $6.093. This shows that longs are confident with the market and are willing to pay shorts during downturns to hold their positions.Finally, Polkadot has seen a sustained rise in open interest per exchange. This has increased from $47 million to $54.3 million at press time. With a high demand for long positions, this shows that the new position openings are largely longs.
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