fell 2% to $1.84 in the last 24 hours.
Trading volume was 7.8% above the seven-day moving average of 7.76 million tokens, according to CoinDesk Research’s technical analysis model.
The model showed that the movement in DOT occurred without clear fundamental catalysts as technical factors dominated the price action.
The token underperformed the broader crypto market. The CoinDesk 20 index was 0.6% lower at press time.
This modest divergence reflects sector rotation dynamics rather than fundamental weakness in Polkadot’s positioning, according to the model.
In the absence of clear fundamental drivers, technical resistance at $1.88 became paramount, the model said, as the DOT worked through a volatile consolidation pattern.
Technical analysis:
- Primary resistance lies at $1.88 with selling pressure confirmed at this level
- Support base tested at $1.83, immediate support now at $1,825-$1,830 zone
- Upside targets identified at $2.00-$2.50 based on structural break patterns
- 24-hour volume averaged 7.8% above the seven-day moving average, indicating organic discovery
- Higher lows formed from the $1.83 base during the initial consolidation phase
- Short liquidation levels above $2.00 provide a potential upside catalyst
- Immediate downside risk at $1,825-$1,830 support zone requires monitoring
Disclaimer: Parts 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.
