rallied 13% to $2.26 over the last 24 hours as volume surged.
The token opened at $1.99 and carved a steady uptrend throughout the 24-hour period, establishing clear technical dominance over broader cryptocurrency markets, according to CoinDesk Research's technical analysis model.
Volume patterns confirmed genuine institutional interest rather than retail speculation, the model said. DOT's 24-hour trading activity exceeded weekly averages by 34%.
The broader market index, the CoinDesk 20 index, rose 9% in the same time period. DOT's outperformance suggests asset-specific drivers dominated price action.
Recent price action shows sustained bullish momentum, according to the model. DOT extended gains from $2.141 to $2.245 in the latest hour, posting a 4.9% advance beyond initial breakout levels.
The rally carved higher lows at $2.186 and $2.193 before accelerating through the $2.220 resistance on exceptional volume, exceeding 200K, in a concentrated three-minute window.
Technical Analysis:
- Primary support holds at $2.05 with former $2.15 resistance now acting as support; next target at $2.30 psychological level
- Breakout volume of 6.43M exceeded 24-hour SMA by 195%, confirming institutional backing for the advance
- Ascending trend with higher highs and lows; successful breakout from $2.00-$2.15 consolidation range
- Immediate target at $2.30; stop below $2.05 support maintains favorable 3:1 reward-to-risk profile
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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