According to Coindesk Research’s technical analysis model, Polkadot’s DOT has grown as much as 4% in the past 24 hours, climbing from institutional purchases to $3.80.
The model shows that the grouping accelerates from 10:00-11:00 as the price rises from $3.68 to $3.79.
The model said the number soared to 5.29 million units, with an average of 1.83 million units per day, confirming a strong accumulation of $3.68 in support.
As the increase in quantity profit appears, the upper limit of the resistance yield is $3.80.
this Discharge rate Last week, the drop on Polkadot fell to 49.17%.
Polkadot’s rally is a 3.7% increase as the broader crypto market rises, Coindesk 20, which has recently grown 3.7%.
In recent deals, DOT grew 3% in 24 hours, with trading around $3.76.
Technical indicator analysis
- The higher-level institutional distribution confirms a breakdown of the previous bullish structure that surged 24 hours a day.
- Powerful large capacity support is determined at the $3.68 level and is confirmed to be excellent.
- The price of key resistance is $3.80, and the price of rising prices reverses.
- The sustained momentum continues, and the continued high and low signals continue to be bullish.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
