“Support Has Now Been Establized in the $ 3.55- $ 3.58 Range, with Resistance at the $ 3.68 Level.”, – WRITE: www.coindesk.com
The Model Showed That Dotialyally Demonstrated Resiliency, Achieving An Intraly High of $ 3.87 on July 31, Yet Subsequently Connted Relantless Selling Poweda Accomanized by July .87 on July Breakdown junctures on august 1.
The token now has a $ 3.55- $ 3.58 Range, with Resistance at the $ 3.68 Level, accounting to the Model.
In recent trading, dot was 5.3% Lower over 24 hours, Trading AROUND $ 3.64.
The DECLINE IN POLKADOT CAME AS The Wider Crypto Market Also Fell, With The Broader Market Gauge, The Coindesk 20 Index, Recently Down 3.7%
Technical Analysis:
- Price retreated from $ 3.76 to $ 3.56, Representing A 5% Decline Over 24 Hours.
- INTRADAY PEAK REACHED AT $ 3.87 at 16:00 UTC On July 31 Before Selling Pressure Intensified.
- Volume Exceeded 24-Hour AVERAGE OF 3 MILLION During Key Breakdown Periods.
- Substantial Resistance ConfirMed AT $ 3.68 Level.
- Fresh Support Establized AROUND $ 3.55- $ 3.58 Range.
- Critical Support Breach Occurred at $ 3.60 Dringing Final Hour Decline.
- New Resistance ForMed AROUND $ 3.67 Level.
- Volume Spikes Exceeded 200,000 Units During 13: 45-13: 46 UTC and 13:54 UTC Periods.
- Negligible Trading Activity Recorded in Final Three Minutes, Suggesting Market Exhaustion.
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