Polkadot gains 1.9% to $1.91 as Coinbase (COIN) unlocks USDC integration

DOT$1,9114 posted steady gains Tuesday, rising 1.9% as Coinbase’s USDC integration announcement provided the catalyst for technical breakout momentum, according to CoinDesk Research’s technical analysis model.

The model showed that DOT advanced to $1.91 over 24 hours, building successive higher lows despite early volatility.

Volume was 17% above monthly averages, though the measured price action pointed to methodical accumulation rather than speculative buying, according to the model.

The model showed that support crystallized at $1.87-$1.88 through multiple successful tests.

Institutional flows accelerated as fundamental catalysts aligned with technical momentum.

The breakout coincided with heavy institutional volume of 229,817 tokens, or triple session averages, the model said. Sustained buying kept prices near session highs.

Technical Analysis:

• Core support anchored at $1.87-$1.88 zone through multiple retests
• Session peak $1.94 marks immediate upside objective
• Institutional volume surge was 300%+ above-average participation
• 24-hour volume peaked at 4.53 million tokens (87% above norm)
• Sustained buying interest maintained through consolidation phases
• Rising trend structure confirmed via successive higher lows
• Breakout sequence validated by volume above 3.59 million threshold
• Upside targets extend toward $1.92-$1.93 psychological zone
• Volume-backed breakout provides technical foundation for advance

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.