Polkadot’s DOT Drops Over 3% as Buyers Struggle to Hold Key Support
Polkadot’s DOT token fell more than 3% over the past 24 hours, slipping from $4.09 to $3.96, as technical indicators highlight fading bullish momentum and increasing resistance above current levels.
Support has formed between $3.91 and $3.93, where notable trading volume emerged during overnight hours. Despite this, DOT remains under pressure, with resistance now firmly established in the $4.03–$4.07 range, according to CoinDesk Research’s technical model.
A sharp uptick in volume to nearly 4 million at 00:00 UTC suggested intense market activity, but flows subsided in the final hour, signaling potential exhaustion on the sell side.
The price weakness coincides with broader market declines. The CoinDesk 20 index is down 1.2%, weighing on sentiment across major tokens.
Meanwhile, analytics firm The Tie held a webinar Tuesday outlining Polkadot’s real-world use cases. However, the update failed to reverse the token’s short-term downtrend.
DOT was last trading at $3.95, down 3.1% on the day.
Key Technical Levels:
- 24-hour move: -3.1%, from $4.09 to $3.96
- Support zone: $3.91–$3.93
- Resistance zone: $4.03–$4.07
- Volume spike: 3.97 million at 00:00 UTC (vs. 2.26M average)
- Breakdown point: $4.02
- Final hour volume: Declining, hinting at seller fatigue
