remained unchanged over the past 24 hours, with the token trading at $1.85.
The token’s trading volume was 55% higher than the 30-day average as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model.
DOT has followed broader crypto momentum rather than token-specific catalysts. The broader market indicator, the CoinDesk 20 Index, was also unchanged over 24 hours.
The model showed that institutional buyers absorbed supply at higher prices.
This trend typically precedes sustained rallies when smart money accumulates ahead of retail participation.
Technical analysis
- Strong support base in the $1.72-$1.74 area supported by heavy volume
- Resistance at $1.86 caps upside with multiple rejection points
- A 55% volume increase above the 30-day average confirms institutional participation; 96% spike to $1.74 validates support zone strength
- A range of $0.14 between $1.72 and $1.86 indicates a consolidation phase; attempted breakout to $1.864 followed by pullback suggests range-bound trading
- The next resistance test targets the $1.86 to $1.87 area; $1.83 support provides stop-loss benchmark for long positions
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
