Polkadots dot rose as much as 4% in the last 24 hours and climbed from $ 3.65 to $ 3.80 on institutional purchases, according to Coindesk Research’s technical analysis model.
The model showed that the outbreak accelerated between 10: 00-11: 00 GMT as the price rose from $ 3.68 to $ 3.79.
Volume spiked to 5.29 million units, almost 3x the daily average of 1.83 million, confirming strong accumulation to $ 3.68 support, according to the model.
Resistance hoods get at $ 3.80 when profit recording occurs on elevated volume.
The stack of polkadot has gone to 49.17% over the past week.
The rally in polkadot came when the wider crypto market also increased with the wider market meter, Coindesk 20, recently up 3.7%.
In the latest trade DOT was 3% higher over 24 hours and traded about $ 3.76.
Technical indicator analysis
- Institutional distribution at higher levels confirms collapse of previous bullish structure from 24-hour wave.
- Strong support with high volume established at $ 3.68 level with unique volume confirmation.
- Key Resistance occurs at $ 3.80, with the price turning on elevated volume.
- Persistent momentum with consistently higher low low signals continued bullish atmosphere.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
