Polkadot Price Breaks Out of Consolidation Amid Market Sentiment Shift

The cryptocurrency market has experienced a shift in sentiment, with Polkadot's (DOT) price leading the charge.

After months of consolidation, DOT has broken out of its descending channel on the daily timeframe, driven by a change in market sentiment.

The altcoin rotation has favored DOT, leading to a 23% gain in the past 24 hours and making it one of the top gainers for the day.

The breakout is not isolated, with Bitcoin stabilizing above key demand and Ethereum rebounding after a leverage reset. Several mid-cap tokens are also posting double-digit gains.

This suggests a short squeeze across altcoins, capital rotating into oversold legacy names, and improving risk appetite.