The Polkadot point found a substantial bearish impulse in the last 24 hours, withdrawing from $ 3.76 to $ 3.56, or more than 5%, according to the technical analysis model of Coindesk Research.
The model showed that DOT initially demonstrated resilience, achieving a maximum intradic of $ 3.87 on July 31, but subsequently confronted a relentless sale pressure accompanied by outstanding volume pronounced during the short -decomposition junctures on August 1.
The Token now has support in the range of $ 3.55- $ 3.58, with resistance to the level of $ 3.68, according to the model.
In recent negotiation, the DOT was 5.3% lower in 24 hours, quoting around $ 3.64.
The Polkadot decrease occurred when the broader cryptographic market also fell, with the broader market meter, the Coindesk 20 index, recently dropped 3.7%
Technical analysis:
- The price was removed from $ 3.76 to $ 3.56, which represents a 5% decrease for 24 hours.
- The Intradía peak reached $ 3.87 at 4:00 p.m. UTC on July 31 before selling intensified pressure.
- The volume exceeded the average of 24 hours of 3 million during periods of key decomposition.
- Substantial resistance confirmed at a level of $ 3.68.
- Fresh support established around $ 3.55- $ 3.58 rank.
- The critical support violation occurred at $ 3.60 during the decrease in the final hours.
- The new resistance formed around $ 3.67.
- The volume peaks exceeded 200,000 units for 13: 45-13: 46 UTC and 13:54 UTC periods.
- Insignificant commercial activity recorded in the last three minutes, which suggests market depletion.
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