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The bullish momentum potentially returned, after the token found a significant level of support at $ 3.96, according to the Technical Analysis model of Coindesk Research.
DOT experienced a correction of $ 4.038 to a hollow of $ 3.753 before establishing “strong support” and rebounding strongly, depending on the model.
The token is currently 1.3%lower than $ 3.97.
The wider market gauge, Coindesk 20 The index was 0.8% lower at the time of publication, also recovering from a net movement below in the middle of a battle between President Donald Trump and Elon Musk.
Strengths of technical analysis:
- DOT-USD experienced a correction of $ 4.038 to a minimum of $ 3.753 before establishing strong support.
- The price formed an ascending channel after the correction, recovering the level of $ 3.95 with an increasing purchase pressure.
- A significant volume peak of more than 5.9 million during the correction phase, followed by a volume of 1.7 million during the recovery period.
- Key resistance established at an area from $ 3.98 to $ 4.00 with immediate support at $ 3.95.
- Higher low model formed after a brief decline, confirming the bullish momentum
- Psychological level of $ 3.96 successfully defended, strengthening the recovery story.
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