The DOT of Polkadot has experienced huge volatility in the 24 -hour trade trade with a sharp refusal to wipe off earlier gains, according to the technical review model of Coindesk Research.
The model showed that the DOT dropped 6% with a dramatic 24 hour return from August 10 12:00 to August 11:00, which drops from $ 4.15 to $ 3.91 amidst the powerful seller.
Polkadot faces strong sales pressure as institutional extermination has pushed prices lower, violation of multiple support thresholds, according to the model.
Dotting the dot came as the broadly crypto market increased, with a wider gauge on the market, CoinDesk 20, recently reached 0.5%.
In recent trade, Polkadot was 2.6% less than 24 hours, trading around $ 3.91.
Technical assessment:
- The $ 0.24 trade range represents 6% volatility between $ 3.91 and $ 4.15 thresholds.
- Volume of progress at 4.96 million during the final time of refusal indicating institutional sale.
- The resistance established at the level of $ 4.15 following the abortion of the rally attempt.
- Support level fragile near $ 3.90 with a potential breakdown risk.
- Lower highs form proving the damage to the bearish market structure.
- Volume over 300,000 at many intervals during 11: 15-11: 30 selling pressure.
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.
