Polkadot’s point jumped 6% higher in the middle of a gathering on the cryptographic markets, with a strong volume supporting a decisive rupture by resistance to levels of $ 3.34 and $ 3.44, depending on the technical analysis model of Coindesk Research.
The model has shown that the price has found solid support at $ 3.25 during 01:00 with a volume above average, establishing a solid base for the subsequent rally.
The higher movement in DOT came in the middle of a wider rally on the cryptographic markets, with the wider market gauge, the Coindesk 20, up 4.2% at the time of publication. Polkadot also holds An AMA live (Ask me anything) on X on July 8.
During recent negotiations, the DOT was more than 7.2% over 24 hours, exchanging about $ 3.57.
Technical analysis:
- The point went from $ 3.34 to $ 3.57 in the last 24 hours
- The price found solid support at $ 3.25 in 01:00 with a volume greater than the average, establishing a solid base for the subsequent rally.
- A decisive break occurred during the UTC period of 13: 00-15: 00 with an exceptionally high volume (4.2 m at 3:00 p.m. alone)Pushing the point through a previous resistance at $ 3.34.
- The most explosive price movement occurred between 16: 04-16: 06 UTC, where the point jumped almost 3.2% with an exceptionally high volume (261K)Interrupting the keys to $ 3.44.
- Price action has formed an upward trend channel with higher stockings and higher ups, which suggests a continuous upper dynamic.
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