slipped 2% to $1.77 in the last 24 hours.
Volume jumped 35% above its 30-day average, according to CoinDesk Research’s technical analysis model.
The most dramatic action of the session occurred during a sharp intraday decline that tested critical support levels. The model showed that DOT rose from $1.85 to $1.76 on exceptional volume of 8.81 million.
This is 236% above the 24-hour simple moving average, according to the model.
The token then made a rapid V-shaped recovery back to $1.80. This price action confirmed strong institutional support at the psychological level of $1.76, according to the model.
DOT has underperformed the broader crypto markets. The broader market gauge, the CoinDesk 20 Index, was 0.2% lower at press time.
Technical analysis:
- Strong support confirmed at psychological level of $1.76; resistance at $1.805 requires new catalyst to break through
- Maximum institutional activity at 8.8 million tokens during intraday decline
- V-shaped recovery from session lows, indicating absorption of selling pressure; consolidation pattern forming near $1.80
- Target increase to $1.82 subject to confirmation of volume above $1.805; downside risk limited to $1.76 support zone
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.
