Polkadots dot
rose as much as 5% in the last 24 hours, climbing from $ 3,52 to $ 3.70 when the Bulls dominated the session, according to Coindesk Research’s technical analysis model.
The model showed that a key outbreak occurred at. 19:00 on July 9 with dot spiking to $ 3.63 on a large volume of 4.21 million.
The rally in polkadot came when the wider crypto market also increased, with the wider market meter, Coindesk 20, recently up 3.5%.
Bitcoin, the world’s largest cryptocurrency, approached all time heights to $ 112,000.
In the latest trade DOT was 3.5% higher over 24 hours and traded about $ 3.67.
Technical Analysis:
- Robust volume-based support established around $ 3.54 during 18: 00-21: 00 Wave on July 9th.
- The main resistance levels identified at $ 3.69- $ 3.70, with the price encountered double turns during the session.
- Conventional support formed for $ 3.49 during the fall of 14:00 on July 9th.
- Critical support established about $ 3.68 levels in the 60 minute bearish pressure period.
- Momentum indicators signalize oversold conditions that suggest potential consolidation.
- Increased trading volumes exceeded 4.2 million in the main rally phase.
