rose 13% to $2.26 in the past 24 hours as volume increased.
The token opened at $1.99 and recorded a steady uptrend throughout the 24-hour period, establishing clear technical dominance in the broader cryptocurrency markets, according to CoinDesk Research’s technical analysis model.
Volume trends confirmed genuine institutional interest rather than retail speculation, according to the model. DOT’s 24-hour business activity exceeded weekly averages by 34%.
The broader market index, the CoinDesk 20 Index, rose 9% during the same period. DOT’s outperformance suggests that asset-specific factors have dominated price action.
Recent price action shows sustained bullish momentum, according to the model. DOT extended its gains from $2.141 to $2.245 over the past hour, posting a 4.9% advance beyond initial breakout levels.
The rally made higher lows at $2.186 and $2.193 before accelerating through resistance at $2.220 on exceptional volume, surpassing 200,000, in a concentrated three-minute window.
Technical analysis:
- Primary support holds at $2.05, with former resistance at $2.15 now acting as support; next target at the psychological level of $2.30
- Breakout volume of 6.43 million exceeded the 24-hour SMA by 195%, confirming institutional support for the advance.
- Upward trend with higher highs and higher lows; successful breakout of the $2.00 to $2.15 consolidation range
- Immediate target at $2.30; stop below $2.05 support maintains favorable 3:1 reward/risk profile
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.
