Polkadot’s dot encountered a significant bearish momentum over the past 24 hours and withdrew from $ 3.76 to $ 3.56 or more than 5%according to Coindesk Research’s technical analysis model.
The model showed that DOT initially demonstrated resilience and achieved an intradio height of $ 3.87 on July 31, yet confronted subsequent merciless sales pressure accompanied by pronounced volume waves during pivotal collapse of bunts on August 1.
The token now has support in the range $ 3.55- $ 3.58 with a $ 3.68 resistance according to the model.
In the latest trade DOT was 5.3% lower over 24 hours and traded about $ 3.64.
The fall in polkadot came when the wider crypto market also fell, with the wider market meter, Coindesk 20 index, recently down to 3.7%
Technical Analysis:
- Price withdrew from $ 3.76 to $ 3,56, which represents a fall of 5% over 24 hours.
- Intraday Peak reached $ 3.87 at. 16:00 UTC on July 31, before selling pressure intensified.
- Volume exceeded 24-hour average of 3 million during key distribution periods.
- Significant resistance confirmed at $ 3.68 level.
- Fresh support established about $ 3,55- $ 3.58 range.
- Critical violation of the aid occurred at $ 3.60 over the last hour’s decline.
- New resistance formed about $ 3.67 level.
- Volume tips exceeded 200,000 units during 13: 45-13: 46 UTC and 13:54 UTC periods.
- Insignificant trading activity registered in the last three minutes, suggesting market fatigue.
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.
