Polkadot Breaks Through Resistance, Poised for Gains Amidst Bullish Market Trends

Despite the traditional “sell in May” trend, Polkadot (DOT) is defying expectations by surging forward with momentum from a potential spot ETF filing and its successful Layer-1 upgrade. The crypto market is buzzing with bullish indicators, including Bitcoin’s record high of $104,000 and a burgeoning crypto market cap exceeding $3.3 trillion. 21Shares and Grayscale Investments have filed for a spot Polkadot ETF, further fueling institutional interest. With the SEC already approving spot ETFs for Bitcoin and Ethereum, Polkadot could be next in line for similar approval, attracting even more investment.