The Dot of Polkadot exploded 6% higher in the last 24 hours, increasing from $ 3.88 to $ 4.11 in a massive volume, according to the technical analysis model of Coindesk Research.
The model showed the established rupture at the level of $ 4.11 before the Token consolidated between $ 4.05- $ 4.07 as the profit taking was activated.
The consolidation indicates a healthy earnings after the morning breakup, with a support that has a level of $ 4.05 above $ 4.05, according to the model.
In the recent negotiation, the DOT was 6% higher for 24 hours, quoting around $ 4.07.
The largest cryptographic market was also remarkably higher, with the wide caliber of the market, Coindesk 20, an increase of 5%.
Technical analysis:
- The general range reaches $ 0.30 during the rupture rally.
- The volume exploded at 7,009,142 units during the 4% gain of one hour at 8:00.
- Average crushed negotiation volume of 24 hours for 5 times during the maximum moment.
- The strong resistance is formed around $ 4.11, where the sales pressure arises.
- Support maintained above the level of $ 4.05 during the consolidation phase.
- Two correction waves identified during the profit taking period.
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