showed steady gains on Tuesday, rising 1.9% as Coinbase’s USDC integration announcement provided the catalyst for technical breakout momentum, according to CoinDesk Research’s technical analysis model.
The model showed DOT advancing to $1.91 over 24 hours, building successive higher lows despite early volatility.
Volume was 17% above monthly averages, although the measured price action pointed to methodical accumulation rather than speculative buying, according to the model.
The model showed support crystallized at $1.87-$1.88 through several successful tests.
Institutional flows accelerated as fundamental catalysts in line with technical momentum.
The breakout coincided with heavy institutional volume of 229,817 tokens, or triple the session average, the model said. Continued buying kept prices close to session highs.
Technical analysis:
- Core support anchored at $1.87-$1.88 zone through multiple retests
- Sessionspeak $1.94 marks the immediate upside target
- The institutional volume increase was 300%+ above average participation
- 24-hour volume peaked at 4.53 million tokens (87% above norm)
- Sustained buying interest maintained through consolidation phases
- Rising trend structure confirmed via successive higher lows
- Breakout sequence validated by volume above the 3.59 million threshold
- Upside targets extend towards $1.92-$1.93 psychological zone
- Volume-supported breakout provides technical basis for advancement
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.
