Polkadot (DOT) saw a slight dip over the past 24 hours, moving largely in step with the broader crypto market’s steady consolidation.
DOT eased from $2.16 to $2.12 during the period, forming lower highs within a narrow $0.07 range. The move translated into 3.2% intraday volatility, according to CoinDesk Research’s technical analysis model. The CoinDesk 20 Index (CD20) was down 1.2% at the time of writing, reflecting modest weakness across major assets.
Trading activity remained relatively stable, with volumes tracking 9.8% above the seven-day moving average — a level the model identifies as normal market participation rather than the result of aggressive institutional moves or a renewed retail push.
The strongest volume of the session arrived on Dec. 8 at 20:00, when roughly 5 million DOT traded hands, marking an 80% jump over the 24-hour volume average. That spike highlighted resistance around $2.15 while reaffirming support near $2.09, the model noted.
Technical Analysis
- Key levels: Support has firmed at $2.09, helped by institutional buying during a sharp intraday pullback. Resistance persists in the $2.15–$2.16 zone after repeated high-volume rejections.
- Participation tone: With overall activity only modestly above weekly norms, trading appears orderly. The outsized 80% volume burst at resistance underscores the current range’s validity.
- Market structure: DOT continues to oscillate between $2.09 and $2.16, with momentum fading into the session close. A sequence of lower highs signals near-term downside pressure within the range.
- Forward outlook: A clean break above $2.16 could open a path toward $2.20–$2.25. A failure of $2.09 support would turn attention to the $2.00 psychological mark. Until either boundary gives way, range-focused trading remains the favored approach
