Polkadots dot former Thurwday increased more than 2%, with institutional volume patterns suggesting professional participation, according to Coindesk Research’s technical analysis model.
The model showed the digital asset that demonstrated the textbook institutional accumulation behavior that originally tested support for $ 3.81 before performing a measured advance for $ 4.02 accompanied by a significant volume of 4.6 million units.
Trade volumes over 320,000 units in the initial fall phase indicate institutional repositioning rather than retail panics, with subsequent purchase interest Establishing clear support levels around $ 3.90- $ 3.91, according to the model.
However, the movement higher in the polkadot turned, with the price sliding back to the $ 3.90 support.
On the news front, the Republic of Paraguay has committed $ 6 million for a polkadot-based tokenization initiative, according to a speech on X, a landmark government approval of blockchain technology for superb infrastructure development.
Technical Analysis:
- DOT established a trade area of $ 0.21 representing 5.2% volatility between $ 3.81 floor and $ 4.02 ceiling below 24-hour session
- Professional support formation confirmed at $ 3.90- $ 3.91 levels with institutional purchase interest
- Resistance threshold identified at $ 4.02 with volume -driven price discovery mechanisms
- Institutional volume patterns over 320,000 units indicate sophisticated market participation
- Restore path from $ 3.81 to $ 4.02 supported by 4.6 million trading units demonstrating market depth
- Consolidation varies between $ 3.91- $ 3.95 suggests institutional accumulation under market weakness
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