Polkadot (DOT) cracked underneath intense promoting stress Monday, dropping 12% to $2.56 as institutional-sized orders broke essential assist ranges, based on CoinDesk Analysis’s technical evaluation mannequin.
The mannequin confirmed that the token posted excessive volatility, swinging from session highs of $2.99 to $2.56 lows. Bears dominated value motion throughout early morning hours when large quantity spikes overwhelmed technical defenses.
The session’s defining second struck at 03:00 UTC as distinctive promoting stress reached 5.49 million tokens, greater than double the 24-hour transferring common, based on the mannequin.
This institutional-sized distribution occasion coincided with a decisive break under the $2.87 assist zone, based on the mannequin.
Technical Evaluation:
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Major assist broke at $2.76 following institutional promoting cascade
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Vital resistance zone at $2.80-$2.82 represents subsequent upside goal
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Main resistance at $2.87 breakdown degree stays key reclaim threshold
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Session excessive of $2.99 serves as final resistance for bullish continuation
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Distinctive promoting stress of 5.49 million tokens marked 106% above common
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