Polkadot’s DOT earlier Thurwday rose more than 2%, with institutional volume patterns suggesting professional participation, according to CoinDesk Research’s technical analysis model.
The model showed the digital asset demonstrating textbook institutional accumulation behavior, initially testing support at $3.81 before executing a measured advance to $4.02 accompanied by substantial volume of 4.6 million units.
Trading volumes exceeding 320,000 units during the initial decline phase indicate institutional repositioning rather than retail panic, with subsequent buying interest establishing clear support levels around $3.90-$3.91, according to the model.
The move higher in Polkadot reversed though, with the price slipping back to that $3.90 support.
On the news front, the Republic of Paraguay has committed $6 million to a Polkadot-based tokenization initiative, according to a post on X , a landmark government endorsement of blockchain technology for sovereign infrastructure development.
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