Polkadot's DOT price has made significant strides, reaching the $8 mark after a substantial intraday increase of about 29%. This suggests a robust recovery for the cryptocurrency.
The Technical Relative Strength Index (RSI) has breached into the overbought range. This technical indicator hints at ongoing bullish actions, potentially paving the way for DOT to reach its $10 target soon.
Meanwhile, Bitcoin's price remains optimistic as it hovers close to the $100,000 level. This bullish sentiment is maintaining a positive outlook for the entire crypto market.