Polkadot (DOT) is showing interesting signals based on recent 24-hour market data 📊.
After a slight consolidation, DOT is trading around $4.13, slightly under its key moving averages. Despite minor bearish pressure, the market data reveals strong buying activity. Buy orders in the last hour reached 135.78K DOT, compared to 97.35K DOT in sell orders, showing clear dominance from buyers. Moreover, large inflows like 491.03K DOT and 240.65K DOT were observed, while outflows stayed much smaller.
Volume remains healthy at $128 million, suggesting continued interest in trading DOT. The margin and spot data also point towards consistent accumulation, hinting that most participants expect a price recovery soon 📈.
As per the analysis, it is expected that Polkadot (DOT) will increase to the $4.22 - $4.28 range within the next 24 hours. A key support lies at $4.10, and buyers are actively defending this level, making it a strong base for a potential rebound.
Technical indicators like the 7-MA, 25-MA, and 99-MA are currently above the price, but with positive money flow, a short-term breakout toward $4.28 could happen if buying momentum continues. Whale activity has slowed slightly but remains supportive overall 🐋.
Considering the current setup and volume inflow, DOT presents an opportunity for buyers aiming for quick gains in the $4.22 - $4.28 zone. The broader market sentiment is neutral to positive, further supporting this move.
Stay alert to the $4.10 zone, as maintaining above this level is critical for the upward trend to play out 🚀.
