recorded a very modest decline over the past 24 hours, as the token followed broader cryptocurrency market flows.
The token slipped 0.2% to $2.13.
DOT slid from $2.16 to $2.12 over a 24-hour period, reaching lower highs in a $0.07 trading band that generated 3.2% intraday volatility, according to CoinDesk Research’s technical analysis model.
The market’s broader index, the CoinDesk 20 Index, was 1.2% lower at press time.
The model showed that trading volumes remained within normal limits, registering only 9.8% above the seven-day moving average.
The moderate volume profile signals routine market participation without major institutional repositioning or retail dynamics driving price action, according to the model.
The heaviest volume of the session occurred on December 8 at 8:00 p.m. with 5 million tokens changing hands, 80% above the 24-hour moving average, confirming resistance near $2.15 while consolidating support around $2.09, according to the model.
Technical analysis:
- Strong support emerged at $2.09 following institutional buying during the intraday collapse; resistance holds at $2.15-$2.16 zone with significant rejection
- 24-hour activity is 9.8% higher than the weekly baseline, indicating normal participation; major volume spike of 80% at resistance validates current range structure
- Action limited between $2.09 and $2.16 with momentum fading into the close; a series of lower highs indicates short-term pressure within established limits
- A break above the $2.16 resistance opens the way to the $2.20 to $2.25 zone; failure below $2.09, support targets a psychological level of $2.00 with the current setup favoring range strategies.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
