Latest news with #Coindesk20
Yahoo
25-07-2025
- Business
- Yahoo
Polkadot's DOT Faces Bearish Pressure Despite Recovery Attempts
Polkadot's DOT encountered ongoing bearish momentum despite several recovery attempts, fluctuating between $3.87-$4.11 throughout the 24-hour timeframe, according to CoinDesk Research's technical analysis model. The model showed that substantial institutional purchasing activity developed at critical support zones around $3.87-$3.93, notably during elevated volume sessions at 03:00 and 14:00 hours. Significant support has developed in the $3.87-$3.93 range with resistance at the $4.11 level, according to the model. The drop in Polkadot came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 3%. In recent trading, DOT was 1.9% lower over 24 hours, trading around $3.94. Technical Analysis: Trading range of $0.24 constituting 6% differential between peak of $4.11 and trough of $3.87. Volume surpassed 24-hour average of 2.87 million during critical support evaluations at 03:00 and 14:00 hours. Robust resistance at $4.11 threshold with escalated selling momentum establishing upward movement ceiling. Support territory established within $3.87-$3.93 range with significant buying interest on elevated volume. V-shaped recovery formation emerged in final trading period with sustained rally from $3.92 minimum. Breakthrough above $3.94 resistance threshold suggesting potential short-term sentiment transformation. 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.
Yahoo
25-07-2025
- Business
- Yahoo
Polkadot's DOT Bounces After 7% Decline
Polkadot's DOT staged a strong recovery after slumping as much as 7%, bouncing from $3.91 to $4.08 amid high trading volumes, according to CoinDesk Research's technical analysis model. The model showed that DOT navigated substantial price swings during the 24-hour period from July 23 19:00 to July 24 18:00, oscillating between $3.91 and $4.20 before settling at $4.08. Earlier this week, the Securities and Exchange Commission (SEC) withdrew its accelerated approval for a Bitwise crypto exchange-traded fund (ETF) that plans to include DOT among its top holdings by market cap. The bounce in Polkadot came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 1.4%. In recent trading, DOT was 2% lower over 24 hours, trading around $4.09. Overall trading range of $0.28 representing 7% volatility between $4.20 maximum and $3.91 minimum. Critical support level established at $3.96 with high volume confirmation exceeding 4.28 million average. Resistance zone identified at $4.10 level showing price rejection patterns. Volume spike of 73,061 during decline phase indicating institutional selling pressure. Recovery pattern suggests potential continuation toward $4.13 target level. Net decline of 2% from opening despite strong bounce from overnight lows. 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.
Yahoo
11-07-2025
- Business
- Yahoo
Filecoin Gains as Much as 9% as the Token Breaks Out on High Volume
Filecoin (FIL) exhibited remarkable bullish strength in the last 24 hours, climbing from $2.44 to $2.65 in a decisive 9% advance, according to CoinDesk Research's technical analysis model. The momentum intensified notably during the 16:00-21:00 timeframe on July 10, as price rocketed from $2.44 to $2.58 amid extraordinary trading volume of 8.18 million tokens at the 21:00 mark, significantly exceeding the 24-hour average of 3.67 million, the model showed. Price broke through key resistance levels at $2.60-$2.61 with strong volume support, according to the model. The move higher in Filecoin came amid an explosive rally in crypto markets, with the broader market gauge, the Coindesk 20, recently up 7%. Bitcoin (BTC), the world's largest cryptocurrency, also hit a new record high of $118,739. In recent trading, FIL was up 7.3% over 24 hours, trading around $2.62. Technical Analysis: Exceptional volume of 8.18 million tokens during 21:00 hour, well above 24-hour average of 3.67 million. Price broke through key resistance levels at $2.60-$2.61 with strong volume support. Key support emerged at $2.43 with multiple successful retests throughout the session. Asset maintained higher lows throughout session, confirming uptrend integrity. Classic technical pattern with tight range oscillation followed by decisive upward thrust. Strategic volume increases during 09:15-09:17 window with 120,066 and 78,189 tokens respectively. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Filecoin Rises 4%, Heavy Volume Suggests Institutional Investors Buying
Filecoin (FIL) posted solid gains during the last 24 hours, rising as much as 4%, a move that reflects heightened institutional interest, according to CoinDesk Research's technical analysis model. FIL showed heavy trading volume during the period, with transactions reaching 2.65 million tokens, significantly exceeding the usual 24-hour average of 1.89 million, the model showed. Market data indicates a sustained upward trajectory from overnight lows, with resistance establishing near the $2.38 level, while maintaining support above $2.33 throughout the session. The rally in Filecoin came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2.7%. In recent trading, FIL was 3.5% higher over 24 hours, trading around $2.36. Technical Analysis: 24-hour price range of 5% between $2.26 low and $2.38 peak, contrasting with final hour's compressed 0.47% range Trading activity exceeded 2.65 million units during key support tests, representing 40% above the 24-hour average of 1.89 million units Strong support established at $2.29 with resistance forming around $2.38, while the critical $2.35 psychological level remains under pressure. Clear upward trend pattern from overnight lows with higher lows formation, though bearish divergence emerged in final trading minutes with volume decline.
