The Dot of Polkadot increased 6% higher in the middle of a rally in cryptographic markets, with a strong volume that supports a decisive breakup through the resistance to the levels of $ 3.34 and $ 3.44, according to the technical analysis model of COINDESK Research.
The model showed that the price found a strong support of $ 3.25 during 01:00 hours with a volume higher than the average, establishing a solid base for the subsequent rally.
The highest movement in DOT was produced in the middle of a broader demonstration in cryptographic markets, with the broader market meter, Coindesk 20, 4.2% at the time of publication. Polkadot is also holding A Live Ama (Ask me anything) In X July 8.
In recent negotiation, the DOT was 7.2% higher for 24 hours, quoting around $ 3.57.
Technical analysis:
- DOT rose from $ 3.34 to $ 3.57 in the last 24 hours
- The price found a strong support of $ 3.25 during the 01:00 hours with average volume, establishing a solid base for the posterior rally.
- There was a decisive breakdown during the period of 13: 00-15: 00 UTC with an exceptionally high volume (4.2m at 3:00 p.m.pushing the point through the previous resistance to $ 3.34.
- The most explosive price movement occurred between 16: 04-16: 06 UTC, where DOT jumped almost 3.2% with an exceptionally high volume (261K)Breaking the key resistance at $ 3.44.
- The price action formed a higher tendency channel with higher and higher minimums, which suggests a continuous bullish impulse.
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