coindesk.com
DOT$2.2006 slipped 4.3% to trade at $2.19 on Tuesday as it encountered resistance near key levels, according to CoinDesk Research's technical analysis model.
The model showed that DOT initially rallied to $2.40 on Monday evening before falling back to form a descending pattern of lower highs.
The altcoin carved out a $0.21 trading range, marking 9% intraday volatility as bearish forces gained control, according to the model.
Volume data reveals the most significant activity occurred at 13:00 UTC Monday, with 3.53 million in trading flow, 78% above the daily moving average, coinciding with aggressive rejection from $2.27 resistance.
Subsequent selling waves created clear bearish momentum as recovery attempts met deteriorating participation, the model said.
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.