remained unchanged in the last 24 hours, with the token trading at $1.85.
The token’s trading volume was 55% above 30-day averages as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model.
DOT followed broader crypto momentum rather than token-specific catalysts. The broader market indicator, the CoinDesk 20 index, was also unchanged over 24 hours.
The model showed that institutional buyers absorbed the supply at higher prices.
This pattern typically precedes sustained rallies when smart money accumulates ahead of retail participation.
Technical analysis
- Solid support base in the $1.72-$1.74 area backed by heavy volume
- $1.86 resistance limits upside with multiple rejection points
- 55% volume increase above 30-day average confirms institutional involvement; 96% rise to $1.74 validates strength of support zone
- The range of $0.14 between $1.72 and $1.86 indicates the consolidation phase; Breakout attempt at $1,864 followed by pullback suggests range-bound trading
- The next test of resistance targets the $1.86-$1.87 zone; Support at $1.83 provides a stop-loss reference for long positions
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.
