Polkadot’s dot rises 6% higher in the middle of a rally in crypto markets, with a strong volume that supports a decisive breakout by resistance to $ 3.34 and $ 3.44 levels, according to the CoinDesk Review technical review model.
The model showed the price found by strong support at $ 3.25 during the 1pm hours with a more average volume, establishing a solid foundation for the subsequent rally.
Moving higher in the dot comes in the middle of a broader rally in crypto markets, with a wider market gauge, CoinDesk 20, up to 4.2% at the time of publication. Also hold polkadot A live father (Ask me anything) to X on July 8.
In recent trade, the DOT is 7.2% higher than 24 hours, trading around $ 3.57.
Technical assessment:
- DOT climbed from $ 3.34 to $ 3.57 in the last 24 hours
- The price found strong support at $ 3.25 during the 1pm hours with more than average volume, establishing a stable foundation for the subsequent rally.
- A decisive breakout occurred during the period of 13: 00-15: 00 UTC period with high volume (4.2m at 15:00 hours only)pushing the dot by previous resistance to $ 3.34.
- The most firing price movement occurred between 16: 04-16: 06 UTC, where DOT jumps nearly 3.2% with high volume (261k)Destruction of the main resistance to $ 3.44.
- Price action is formed by a clear channel of purtping with higher lows and higher, suggesting a continuous bullish momentum.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
