DOT demonstrated resilience with a robust recovery rally, increasing more than 4% to $ 4.12 after defending fundamental support levels around $ 3.84- $ 3.86, according to the technical analysis model of Cindensk Research.
The model showed that the cryptocurrency violated the resistance at $ 3.92 with an exceptional volume greater than 7 million, which suggests institutional accumulation and upward impulse towards the objectives of $ 4.15- $ 4.20.
The developer’s activity data reveals that Polkadot positioned eighth in the development of the nucleus with 72 commitments, while qualifying secondly in the development of the ecosystem with 4,337 confirmations, according to Ethereum, according to the model.
The Rally in Dot occurred when the broader cryptographic market also increased, with the broader market meter, Coindesk 20, recently 1%.
In recent negotiation, Polkadot was 4% higher for 24 hours, quoting around $ 4.12.
Technical analysis:
- DOT established a robust support around the $ 3.84- $ 3.86 area after reaching a $ 3.82 session minimum.
- High volume progress above $ 3.92 Resistance with an exceptional volume greater than 7 million signs of institutional accumulation.
- The successful defense of the consolidation range of $ 3.88- $ 3.92 suggests a continuous impulse.
- The transparent ascending channel formed with support that accumulates around $ 4.00- $ 4.02 zone during the final time.
- The Fibonacci extension objectives identified in levels of $ 4.15- $ 4.20 based on the analysis of measured movements.
- It arises from volume greater than 216,000 for 15: 23-15: 28 The UTC window confirms a bullish advance above $ 4,060.
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