fell 2% to $1.84 in the last 24 hours.
Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research’s technical analysis model.
The model showed that DOT’s movement occurred without clear fundamental catalysts, as technical factors dominated price action.
The token has underperformed the broader crypto market. The CoinDesk 20 Index was down 0.6% at press time.
This modest divergence reflects sector rotation dynamics rather than fundamental weakness in Polkadot’s positioning, according to the model.
In the absence of clear fundamental factors, technical resistance at $1.88 became paramount, according to the model, as DOT went through a volatile consolidation pattern.
Technical analysis:
- Primary resistance lies at $1.88 with selling pressure confirmed at this level
- Support base tested at $1.83, immediate support now in $1.825-$1.830 area
- Upside targets identified between $2.00 and $2.50 based on structural breakout patterns
- 24-hour volume averaged 7.8% above the seven-day moving average, indicating organic discovery
- Higher lows formed from the $1.83 base during the initial consolidation phase
- Short Liquidation Levels Above $2.00 Provide Potential Catalyst to the Upside
- Immediate downside risk to the $1.825-$1.830 support zone requires monitoring
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.
