PEAQ Price Sees 64.8% Volatility Amid Polkadot Ecosystem Upgrades

The cryptocurrency PEAQ has experienced high volatility over the past 24 hours, resulting in a price fluctuation amplitude of 64.8%. According to data from CoinGecko and Bitget, trading volume surged significantly, with a 1006.70% increase day-on-day. The total 24-hour trading volume reached $18.67 million.

The high volatility can be attributed to the substantial increase in spot trading volume, which rose more than tenfold within 24 hours. This was accompanied by an increase in futures trading volume, further contributing to the market's high sensitivity. Additionally, positive catalysts from Polkadot ecosystem upgrades are boosting peaq adoption momentum in the DePIN sector.

Market analysts and traders are cautiously short-term, with most analyses on the 1H chart indicating a bearish trend but with reversal potential near lows. The mainstream sentiment is focused on observing the actual impact of the Polkadot upgrade, with warnings about high volatility risk and suggestions to pay attention to buy orders near $0.0128 support and sell pressure around $0.021 resistance.