“DOT has support in the $1.72-$1.74 zone.”, — write: www.coindesk.com
The token’s trading volume was 55% above 30-day averages, as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model.
DOT tracked broader crypto momentum rather than token-specific catalysts. The broader market gauge, the CoinDesk 20 index, was also unchanged over 24 hours.
The model showed that institutional buyers absorbed supply at higher prices.
This pattern typically precedes sustained rallies when smart money accumulates ahead of retail participation.
Technical Analysis
- Solid support base at $1.72-$1.74 zone backed by heavy volume
- $1.86 resistance caps upside with multiple rejection points
- 55% volume surge above 30-day average confirms institutional participation; 96% spike at $1.74 validates support zone strength
- $0.14 range between $1.72-$1.86 indicates consolidation phase; breakout attempt to $1.864 followed by retreat suggests range-bound trading
- Next resistance test targets $1.86-$1.87 zone; $1.83 support provides stop-loss reference for long positions
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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