Polkadot’s DOT Holds Steady with Token Unchanged Over 24 Hours
Polkadot’s DOT has been unchanged over the last 24 hours, with the token trading at $1.85.
The token’s trading volume was 55% above 30-day averages, indicating institutional participation.
According to CoinDesk Research’s technical analysis model, smart money flows into DOT accelerated during the session.
Technical Analysis
The token’s technical range between $1.72-$1.86 showed consolidation with a solid base formation.
Heavy volume backed the support base at $1.72-$1.74 zone.
The next resistance test targets $1.86-$1.87 zone, with $1.83 support providing a stop-loss reference for long positions.
Market Insights
DOT tracked broader crypto momentum rather than token-specific catalysts.
The broader market gauge, the CoinDesk 20 index, was also unchanged over 24 hours.
Institutional buyers absorbed supply at higher prices, a pattern typically preceding sustained rallies.
Disclaimer
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team.
For more information, see CoinDesk’s full AI Policy.
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