was unchanged over the past 24 hours, with the token trading at $1.85.
The token’s trading volume was 55% above its 30-day average as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model.
DOT tracked broader crypto momentum rather than token-specific catalysts. The broader market gauge, the CoinDesk 20 index, was also unchanged over 24 hours.
The model showed that institutional buyers absorbed supply at higher prices.
This pattern typically precedes sustained rallies as smart money accumulates ahead of retail participation.
Technical Analysis
- Solid support base at $1.72-$1.74 zone supported by heavy volume
- $1.86 resistance caps upside with multiple rejection points
- 55% volume increase above 30-day average confirms institutional participation; 96% rally at $1.74 validates support zone strength
- $0.14 between $1.72-$1.86 indicates consolidation phase; breakout attempt at $1,864 followed by pullback suggests range-bound trade
- Next resistance test targets $1.86-$1.87 zone; $1.83 support provides stop-loss reference for long positions
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
