Found volatility throughout the last twenty-four hours period, including cryptocurrency retreating 4%, according to the CoinDesk Research’s technical review model.
The model showed that the most noticeable movement became materialized when the dot collapsed to the lowest juncture of $ 4.07 in the raised volume of 3.16 million, large above twenty-four hours average of 2.31 million, establishing stable volume support at this level.
Following this capitulation event, the DOT has shown stability by recovering the $ 4.15- $ 4.18 range, suggesting an interest in the institutional purchase that has emerged at lower levels and potential stabilization around the current support zones, according to the model.
In front of the news, Polkadot combined the core system services at the Asset Hub on November 4, which became an ecosystem superchain: Polkadot Hub, according to a previous Post on x.
In recent trade, the DOT is 4.2% lower, around $ 4.13.
The broader crypto market also refused, with a wide market size, CoinDesk 20, down 3.2%.
Technical assessment:
- The volume analysis revealed 3.16 million units exchanged during the 3: 00-4: 00 session on October 8, large above twenty-four hours average of 2.31 million, indicating stable institutional interests.
- Price action was established effective support at a level of $ 4.07 during the Capitulation event
- The recovery pattern from $ 4.14 to $ 4.16 in the sixty minutes period showed the stability of $ 4.14- $ 4.15 zone support.
- The raised volume activity during 12:21 and 12:33 were suggested by candles of recovery at institutional accumulation at depressed levels.
- Combining around $ 4.15- $ 4.16 levels to 12:15 indicates potential stabilization around the current support zones.
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.
