posted steady gains on Tuesday, up 1.9%, as Coinbase’s USDC integration announcement served as a catalyst for technical momentum, according to CoinDesk Research’s technical analysis model.
The model showed that DOT rallied as high as $1.91 over 24 hours, setting successive higher lows despite the initial volatility.
Volume was 17% higher than monthly averages, although measured price action indicated methodical accumulation rather than speculative buying, according to the model.
The model showed that support crystallized between $1.87 and $1.88 through several successful tests.
Institutional flows have accelerated as fundamental catalysts aligned with technical dynamics.
The breakout coincided with significant institutional volume of 229,817 tokens, or triple session averages, according to the model. Sustained buying kept prices near session highs.
Technical analysis:
- Basic support anchored in the $1.87-$1.88 zone thanks to several retests
- Session high at $1.94 marks immediate upside target
- Institutional volume increase was 300% + above average participation
- 24-hour volume peaked at 4.53 million tokens (87% above norm)
- Sustained buying interest maintained throughout consolidation phases
- Uptrend structure confirmed by successive higher lows
- Breakout sequence validated by volume above the threshold of 3.59 million
- Upside Targets Extend Towards the Psychological Zone of $1.92-$1.93
- Volume-Supported Breakout Provides Technical Basis to Move Forward
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.
