Polkadot's DOT Holds Steady with Token Unchanged Over 24 Hours
Polkadot's DOT token price remained steady over the past 24 hours, with current levels around $1.8637, essentially unchanged and consolidating within a range of $1.72 to $1.86. The price has built a solid base in the $1.72-$1.74 zone, which showed strong support validated by a 96% spike at $1.74. Support is identified at $1.72-$1.74, while resistance caps upward movement near $1.86.
Trading volume for DOT has surged to 55% above its 30-day average, indicating stronger-than-usual participation by institutional buyers. According to CoinDesk Research's technical model, institutional buyers have absorbed supply at higher prices, suggesting smart money accumulation that often precedes rallies when retail investors enter.
The next resistance target is eyed at $1.86-$1.87, with $1.83 serving as a stop-loss reference for long positions. DOT's price movement tracks the broader cryptocurrency momentum, as the CoinDesk 20 index remained unchanged during this period.
