Polkadot's price has been on the rise over the last day, with a gain of around 5% in what appears to be a broader crypto market rebound.
The recent increase is largely attributed to US regulatory progress, specifically the advancement of the Digital Asset Market Clarity Act (CLARITY Act) in the US Senate. This development has boosted overall crypto sentiment and prices, with the total crypto market cap increasing by about 2.34% to roughly $2.71 trillion.
Polkadot's price action is also influenced by its ongoing technical recovery after a sharp sell-off in mid-April due to a Hyperbridge exploit. The current price movement fits within a sideways range between $1.20 and $1.35, with $1.35-1.40 repeatedly flagged as a key resistance zone.
The absence of new fundamental catalysts or DOT-specific news supports the idea that this move is primarily driven by trading flows and positioning, rather than a fresh fundamental re-rating of Polkadot itself.