DOT recovered, winning 4%, after falling 3.67% to $ 3,464, where they found strong support, according to the technical analysis model of Coindesk Research. The highest movement was in a strong volume, the model showed.
An upward investment pattern has been formed with higher minimums from the bottom, which suggests greater upward potential, according to the model.
In recent negotiation, the DOT was 0.5% lower in 24 hours to around $ 3.57. The broader market meter, Coindesk 20, was 1.2% higher in publication time.
Technical analysis:
- DOT experienced a 3.67% correction of $ 3,596 to $ 3,464 before finding strong support.
- The volume exceeded 2.5 million units at the support level of $ 3.47, significantly above the average of 24 hours.
- An upward investment pattern formed with higher minimums from the bottom.
- The V -shaped recovery pattern emerged from 11:43, with a volume increasing to more than 34,000 units during a period of 11:45.
- The price broke through multiple levels of resistance, reaching a peak of $ 3,559 at 12:09.
- Potential continuation of the ascending impulse if the resistance of $ 3.57 can be eliminated.
Discharge of responsibility: The parts of this article were generated with the help of AI tools and reviewed by the Coindesk editorial team to obtain precision and adhesion to our standards. For more information, see Coindesk’s complete policy.
