up 13% to $2.26 over the past 24 hours as volume increased.
The token opened at $1.99 and created a steady uptrend throughout the 24-hour period, establishing clear technical dominance over broader cryptocurrency markets, according to CoinDesk Research’s technical analysis model.
Volume patterns confirmed genuine institutional interest rather than retail speculation, the model said. DOT’s 24-hour trading activity exceeded weekly averages by 34%.
The broader market index, the CoinDesk 20 Index, rose 9% over the same period. DOT’s outperformance suggests that asset-specific drivers dominated price action.
Recent price action shows sustained bullish momentum according to the model. DOT extended gains from $2,141 to $2,245 in the past hour, posting a 4.9% advance beyond the initial breakout level.
The rally made higher lows of $2,186 and $2,193 before accelerating through the $2,220 resistance on exceptional volume exceeding 200K in a concentrated three-minute window.
Technical analysis:
- Primary support holds at $2.05 with previous $2.15 resistance now acting as support; next target at $2.30 psychological level
- Breakout volume of 6.43 million exceeded the 24-hour SMA by 195%, confirming institutional support for the advance
- Uptrend with higher highs and lows; successful breakout from $2.00-$2.15 consolidation range
- Immediate target at $2.30; stops below $2.05 support maintain a favorable 3:1 reward-to-risk profile
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.
