Polkadot’s dowry has encountered substantial bearish momentum in the last 24 hours, going from $ 3.76 to $ 3.56, or more than 5%, depending on the Technical Analysis of Coindesk Research.
The model has shown that the dowry initially demonstrated resilience, reaching an intra -day summit of $ 3.87 on July 31, but was then faced with an incessant sale pressure accompanied by pronounced volume overvoltages during pivot breakdown on August 1.
The token now has a support in the beach from $ 3.55 to $ 3.58, with resistance at $ 3.68, depending on the model.
During recent negotiations, the DOT was down 5.3% over 24 hours, exchanging about $ 3.64.
The drop in Polkadot came while the wider market of cryptography also dropped, with the wider market gauge, the Coindesk 20 index, recently down 3.7%
Technical analysis:
- The price went from $ 3.76 to $ 3.56, which represents a decrease of 5% over 24 hours.
- Intraday Peak reached $ 3.87 at 4:00 p.m. UTC on July 31 before the sales pressure was intensified.
- The volume exceeded the average of 24 hours of 3 million during the key breakdown periods.
- Substantial resistance confirmed at $ 3.68.
- New support has established a range of about $ 3.55 to $ 3.58.
- A violation of critical support occurred at $ 3.60 during the drop in the last hour.
- A new resistance was formed around $ 3.67.
- The volume tips exceeded 200,000 units during periods of 13: 45-13: 46 UTC and 13:54 UTC.
- Negligible negotiation activity recorded in the last three minutes, suggesting market exhaustion.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
