Markets 🤑
What to know: 😱
- DOT decided to take a nosedive through its ascending trendline support at $2.05, all thanks to a casual 284% volume surge. 🌊💔
- The token then gracefully tumbled 2% in the last 24 hours, because why not? 🤷♀️
On Friday, DOT had a full-on meltdown, plunging from $2.09 to $1.97 faster than you can say “crypto crash.” 🚀🔥 All that rally momentum? Gone. Poof. Like a fart in the wind. 💨
And let’s not forget the heavy volume-284% above normal, according to CoinDesk’s fancy technical analysis model. 📈🤯 Selling pressure? More like selling panic. 😰
The model also pointed out that DOT broke support at $2.05, because apparently, it was just done with that level. 💔 The breakdown was sealed with a kiss-er, 10.3 million tokens in volume. 💋📉
Multiple tests of the $2.05 level made it the Beyoncé of resistance zones, but even Queen Bey couldn’t save DOT from this collapse. 🎤✨
Price action? Oh, it was dramatic. DOT formed an ascending channel from $2.01 to $2.09, only to be met with a violent rejection. Ouch. That’s gotta hurt. 😬
Meanwhile, the wider crypto markets were like, “Hold my beer,” and fell too. The CoinDesk 20 index dropped 0.6% because solidarity, I guess? 🤝📉
Technical Analysis: 📊✨
- Primary support is clinging to the $1.95 psychological level like it’s the last slice of pizza. 🍕
- Immediate resistance at $1.985 is the bouncer DOT can’t seem to get past. 💪🚫
- Ascending trendline support? Violated. RIP. 🤲💔
- 10.3 million volume marks a 284% surge-because why do things quietly when you can do them DRAMATICALLY? 🎭
- Peak hourly volume of 995K? That’s 400% above baseline. Someone call Guinness. 🏆
- Elevated volume confirms the breakdown-no take-backs! 🚫🔙
- Ascending channel from $2.01-$2.09 ended with a rejection so violent, it’s basically a soap opera plot twist. 🧼💥
- Current price action is stuck in a $1.95-$2.01 consolidation range, because indecision is DOT’s middle name. 🤔
- Downside target is $1.90 if $1.95 support fails-brace yourselves. 🛡️
- Recovery requires reclaiming $2.00 resistance with volume confirmation-good luck, sweetie! 🍀✨
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2025-12-12 21:33