Polkadot Trades Little Changed as Crypto Market Consolidates

DOT$1.2431 posted a very modest decline over the last 24 hours, as the token tracked broader cryptocurrency market flows.

The token slipped 0.2% to $2.13.

DOT slid from $2.16 to $2.12 over the 24-hour period, carving out lower highs within a $0.07 trading band that delivered 3.2% intraday volatility, according to CoinDesk Research's technical analysis model.

The broader market gauge, the CoinDesk 20 index, was 1.2% lower at publication time.

The model showed that trading volumes stayed within normal ranges, registering just 9.8% above the seven-day moving average.

The muted volume profile signals routine market participation without major institutional repositioning or retail momentum driving price action, the model said.

The session's heaviest volume hit on December 8 at 20:00 with 5 million tokens changing hands, 80% above the 24-hour moving average, confirming resistance near $2.15 while cementing support around $2.09, according to the model.

Technical Analysis:

• Solid support emerged at $2.09 following institutional buying during intraday collapse; resistance holds at $2.15-$2.16 zone with high-volume rejection
• 24-hour activity runs 9.8% above weekly baseline, indicating normal participation; major 80% volume spike at resistance validates current range structure
• Range-bound action between $2.09-$2.16 with momentum fading into close; series of lower highs points to near-term pressure within established boundaries
• Break above $2.16 resistance opens path to $2.20-$2.25 zone; failure below $2.09 support targets $2.00 psychological level with current setup favoring range strategies.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.