DOT demonstrated resilience with a robust recovery rally and rose over 4% to $ 4.12 after defending pivotal support levels around $ 3.84- $ 3.86, according to Coindesk Research’s technical analysis model.
The model showed that cryptocurrency violated resistance to $ 3.92 with unique volume above 7 million, suggesting institutional accumulation and continuing upward momentum against $ 4.15- $ 4.20 targets.
Developer activity data reveals polkadot located 8. In core development with 72 obligations, while ranking 2. In ecosystem development with 4,337 obligations baking Ethereum, according to the model.
The rally in dot came when the wider crypto market also increased, with the wider market meter, Coindesk 20, recently up 1%.
In the latest trade, polkadot was 4% higher over 24 hours and traded about $ 4.12.
Technical Analysis:
- DOT established robust support around $ 3.84- $ 3.86 zone after reaching a session minimum of $ 3.82.
- High -volume breakthroughs above $ 3.92 resistance with unique volume exceeding 7 million signals, institutional accumulation.
- Successful defense of $ 3.88- $ 3.92 consolidation area still suggests upward momentum.
- Clear rising channel formed with support that accumulates about $ 4.00- $ 4.02 zone over the last hour.
- Fibonacci extension targets identified at $ 4.15- $ 4.20 levels based on measured motion analysis.
- Volume wave over 216,000 during the course of 15: 23-15: 28 UTC window confirms Bullish breakthrough over $ 4,060.
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.
