Polkadot’s point has dropped by more than 3% in the last 24 hours, from $ 4.09 to $ 3.96, according to the Technical Analysis model of Coindesk Research.
The support formed around $ 3.91 at $ 3.93 with notable volume tips during night negotiation sessions, depending on the model.
The volume analysis points to the exhausted sale near the current support areas.
The link has presented a webinar today on real world use cases for the Polkadot blockchain, according to an article on X.
The drop in the point came while the wider cryptography market also dropped, with the wider market gauge, the Coindesk 20, recently down 1.2%.
During recent negotiations, the DOT was down 3.1% over 24 hours, exchanging about $ 3.95.
Technical analysis:
- The price decreased by more than 3% over a period of 24 hours of $ 4.09 to $ 3.96.
- Support levels established a range of $ 3.91 to $ 3.93.
- Resistance area identified between $ 4.03 and $ 4.07.
- The volume increases to 3.97 million at 00:00 UTC, or more than 2.26 million means.
- The decrease in critical support occurred at $ 4.02 during the last hour.
- The volume has decreased in the last minutes suggesting to sell exhaustion.
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