rose 13% to $2.26 in the last 24 hours as volume increased.
The token opened at $1.99 and generated a consistent uptrend over the 24-hour period, establishing clear technical dominance over the broader cryptocurrency markets, according to CoinDesk Research’s technical analysis model.
Volume patterns confirmed genuine institutional interest rather than retail speculation, according to the model. DOT’s 24-hour trading activity exceeded weekly averages by 34%.
The broader market index, the CoinDesk 20 Index, rose 9% in the same period. DOT’s outperformance suggests that asset-specific factors dominated the price action.
The recent price action shows sustained bullish momentum, according to the model. DOT extended its gains from $2,141 to $2,245 in the past hour, recording a 4.9% advance above the initial breakout levels.
The rally reached higher lows at $2.186 and $2.193 before accelerating through the $2.220 resistance on exceptional volume, surpassing $200,000, in a concentrated three-minute window.
Technical analysis:
- Primary support remains at $2.05 and the former resistance at $2.15 now acts as support; next target at the psychological level of $2.30
- The breakout volume of 6.43 million surpassed the 24-hour SMA by 195%, confirming institutional support for the advance.
- Upward trend with higher highs and higher lows; successful breakout from the $2.00-$2.15 consolidation range
- Immediate target at $2.30; stopping below $2.05 maintains a favorable 3:1 risk-reward profile
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.
