According to the technical analysis model of Coindesk Research, after falling from 3.67% to $ 3.464, Dot received 4%, where it received strong support. This step was on a strong volume, the model shown.
According to the model, a rapidly reversed pattern has been formed with continuous high levels, which suggests further potentially inverted.
In recent trading, DOT was more than 0.5% less than 24 hours at $ 3.57. Comprehensive market gauge, coindesk 20, was 1.2% higher in publication time.
technical analysis:
- Dot experienced a improvement of 3.67% from $ 3.596 to $ 3.464 before finding strong support.
- The volume exceeds 2.5 meters units at the $ 3.47 support level, much above the 24-hour average.
- A rapidly reversed pattern was formed with frequent high climb from the bottom.
- The V-shaped recovery pattern started from 11:43, with more than 34,000 units in quantity during the time limit.
- The price broke through several resistance levels, reaching the peak of $ 3.559 at 12:09.
- If $ 3.57 resistance can be cleaned, the possible continuity of up speed.
Disclaimer: parts of this article were generated with the help of AI Tools and reviewed by the editorial team of the coindsk for accuracy and adherence to our standards. For more information, see the full AI policy of coindesk.
