The Dot of Polkadot found a continuous bearish impulse despite several recovery attempts, fluctuating between $ 3.87- $ 4.11 throughout the period of 24 hours, according to the technical analysis model of Cindensk Research.
The model showed that a substantial institutional purchase activity was developed in critical support areas of around $ 3.87- $ 3.93, especially during volume sessions high at 03:00 and 14:00 hours.
A significant support has been developed in the range of $ 3.87- $ 3.93 with resistance to the level of $ 4.11, according to the model.
The fall in Polkadot occurred when the broader cryptographic market also fell, with the broader market meter, Coindesk 20, recently 3%.
In recent negotiation, the DOT was 1.9% lower in 24 hours, quoting around $ 3.94.
Technical analysis:
- Negotiation range of $ 0.24 that constitutes a 6% differential between the $ 4.11 peak and the $ 3.87 channel.
- The volume exceeded the average of 24 hours of 2.87 million during critical support evaluations at 03:00 and 14:00 hours.
- Robust resistance at a threshold of $ 4.11 with an intensive sale impulse that establishes an ascending movement ceiling.
- Support territory established within $ 3.87- $ 3.93 in range with important purchase interest on high volume.
- The V -shaped recovery formation emerged in the final negotiation period with a sustained rally of the minimum of $ 3.92.
- Progress above $ 3.94 resistance threshold suggesting a possible transformation of short -term feelings.
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