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The crypto market is priming itself for a big move to the upside, the founders of Glassnode say.

Polkadot (DOT) is looking to continue its upward trajectory as it approaches a key resistance level at $7.60. Open interest in Polkadot has also seen a notable increase.

Amid the ongoing cryptocurrency recovery following the fourth Bitcoin (BTC) halving over the weekend, Polkadot (DOT) price rallied around 5 percent to trade at about $7.44 on Monday during the early New York session. The mid-cap altcoin, with a fully diluted valuation of around $10.

Polkadot's price was approaching a critical resistance level, and an on-going trend suggested that DOT's price could go above that mark.

Cryptocurrency investment funds saw investors withdraw a total of $206 million over the last week, marking the second consecutive week of outflows. However, altcoins, including $LINK, $DOT, $XRP, and $ADA, saw significant inflows. According to CoinShares' latest Digital Asset Fund Flows report, cryptocurrency investment products focusing on multiple digital currencies saw $8.

Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin's recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million.

$15, $20, or almost $50: what does the future hold for DOT's price?

Polkadot parachains briefly stopped producing blocks on April 21 after the network's runtime upgrade went live on its mainnet. Moonbeam, an Ethereum-compatible smart contract parachain, confirmed the incident, stating that its platform stopped producing blocks for approximately 1 hour.

After a period of subdued consolidation near the crucial $6 support region, Polkadot's price encountered significant buying pressure, initiating a notable upward swing. As a result, the crucial 0.5 Fibonacci level ($8.8) appears to be Polkadot's next mid-term target.

Polkadot (DOT) is showing signs of a recovery. It bucked its downward trajectory after finding strong support at the $6.40 mark.

European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker was serving their domestic agenda, sources told Reuters in a sign an idea to follow the U.S. Federal Reserve's practice may be hard to sell.

The much-anticipated Polkadot runtime upgrade has gone live on the mainnet. Unusually, the upgrade triggered a sudden halt on the blockchain's parachains.

Despite a bearish start to the month, Polkadot (DOT) regained momentum and currently trades above $7.00.

In the dynamic world of cryptocurrencies, Polkadot (DOT) is currently captivating the attention of investors and enthusiasts alike as it navigates through a consolidation phase. With minimal fluctuation around the $6 level, DOT is on the brink of a potential breakout, signaling an imminent directional movement.

Chainalysis proposed a partnership with Polkadot on April 18, potentially worth $10 million.

As expected, the update had a bullish effect on DOT on the price charts.

Polkadot's recent price action has been characterized by subdued movement and minimal volatility following a swift decline toward the $6 level. However, the cryptocurrency finds itself at a crucial juncture, with a potential breakout poised to determine its next direction.

Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood's presentation on Polkadot's future at the Token2049 crypto conference in Dubai.

Chanalysis submitted a Polkadot governance proposal on April 18 that could lead to a $10 million partnership. The services provided by Chainalysis will include monitoring and tracing the DOT token activities on the Relay Chain, ensuring visibility of any potentially risky on-chain actions to regulators and institutional entities.

Polkadot founder Gavin Wood has introduced the Gray Paper that outlines the upcoming Join-Accumulate Machine (JAM) upgrade for the network.

The Web3 Foundation has a 10 million DOT prize pool to foster development of the JAM protocol, which aims to replace Polkadot's Relay Chain.

The Polkadot community has proposed a $8.8 million sponsorship deal with Lionel Messi's Inter Miami football club as the protocol is to amplify its global presence.

Co-founder of Polkadot Gavin Wood, took to X earlier on Thursday to tease the release of the Join-Accumulate Machine (JAM) upgrade. This proposal is designed to revolutionize the future of Polkadot.

Speaking at Token2024 in Dubai, blockchain veteran Gavin Wood unveiled plans for a new protocol called JAM Chain built atop Ethereum and Polkadot principles.