posted steady gains on Tuesday, rising 1.9%, as Coinbase’s USDC integration announcement provided the catalyst for technical momentum, according to CoinDesk Research’s technical analysis model.
The model showed that DOT advanced to $1.91 in 24 hours, setting successive lows despite initial volatility.
Volume was 17% above monthly averages, although measured price action pointed to methodical accumulation rather than speculative buying, according to the model.
The model showed that support crystallized between $1.87 and $1.88 through multiple successful tests.
Institutional flows accelerated as fundamental catalysts aligned with technical momentum.
The breakout coincided with large institutional volume of 229,817 tokens, or triple session averages, the model said. Sustained buying kept prices near session highs.
Technical analysis:
- Central support anchored in the $1.87-$1.88 zone through multiple tests
- Session peak of $1.94 marks immediate bullish target
- The increase in institutional volume was more than 300% participation above average
- 24-hour volume peaked at 4.53 million tokens (87% above normal)
- Sustained buying interest maintained during consolidation phases
- Uptrend structure confirmed by successive rising lows
- Breakout sequence validated by volume above 3.59 million threshold
- Bullish targets extend towards $1.92-$1.93 psychological zone
- Volume-backed breakout provides technical basis for advance
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
