Polkadot Shows Minimal Movement While Broader Crypto Markets Stabilize

Polkadot (DOT) traded slightly lower over the past 24 hours, slipping in line with the broader crypto market’s consolidation phase.

The token eased from $2.16 to $2.12, forming a series of lower highs within a tight $0.07 intraday band. That range generated 3.2% volatility, according to CoinDesk Research’s technical analysis model. Meanwhile, the CoinDesk 20 Index (CD20) was down 1.2% at press time, reflecting muted sentiment across major assets.

Trading activity stayed largely in line with recent norms. Volumes ran just 9.8% above the seven-day moving average, a profile the model described as standard participation without signs of either institutional repositioning or a retail-driven surge.

The session’s biggest trading burst occurred on Dec. 8 at 20:00, when roughly 5 million DOT traded — an 80% spike above the 24-hour average. That move reinforced resistance near $2.15 and confirmed support around $2.09, according to the model.

Technical Analysis

• Support & resistance: Solid buy interest emerged around $2.09 following an intraday dip, while the $2.15–$2.16 zone continues to cap upside attempts on heavy-volume rejection.
• Volume behavior: With overall activity just 9.8% above the weekly baseline, participation appears routine. The notable 80% spike at resistance supports the current range structure.
• Price dynamics: DOT remains confined between $2.09 and $2.16, with momentum fading toward the close. A sequence of lower highs suggests short-term pressure within this range.
• Scenarios: A breakout above $2.16 would target $2.20–$2.25, while a drop beneath $2.09 could pull prices toward the $2.00 psychological level. For now, range-bound strategies remain the most suitable.

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