Polkadot’s dot encountered the running Bearish Momentum despite several recovery attempts that fluctuate between $ 3.87- $ 4.11 through the 24-hour timeframe, according to Coindesk Research’s technical analysis model.
The model showed that significant institutional purchasing activity developed with critical support zones around $ 3.87- $ 3.93, especially under increased volume sessions at 1 p.m. 03:00 and 14:00 hours.
Significant support has evolved in the range $ 3.87- $ 3.93 with a $ 4.11 resistance, according to the model.
The fall in polkadot came when the wider crypto market also fell, with the wider market meter, Coindesk 20, recently down 3%.
In the latest trade DOT was 1.9% lower over 24 hours and traded about $ 3.94.
Technical Analysis:
- Trade area of $ 0.24 makes up 6% difference between the top of $ 4.11 and the trough of $ 3.87.
- Volume exceeded 24-hour average of 2.87 million under critical support evaluations at. 03:00 and 14:00.
- Robust resistance to $ 4.11 threshold with escalated sales of momentum Establishment of upward movement ceiling.
- Support area established within $ 3.87- $ 3.93 range with significant purchase interest on elevated volume.
- V-shaped recovery formation occurred in the last trading period with sustained rally from $ 3.92 minimum.
- Breakthrough over $ 3.94 Resistance threshold that suggests potential short -term mood transformation.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
