DOT Struggles to Break Out as Polkadot Faces Continued Selling Pressure
Polkadot’s native token, DOT, remains trapped in a tight trading range, with buyers unable to sustain momentum amid persistent bearish sentiment.
Over the last 24 hours, DOT fluctuated between $3.87 and $4.11, marking a 6% intraday swing. While the $3.87–$3.93 range drew visible support — including heavy buying activity at 03:00 and 14:00 UTC — sellers quickly stepped in to defend the $4.11 resistance level, halting any potential breakout.
At the time of writing, DOT was trading near $3.94, down 1.9% on the day. The CoinDesk 20 Index also posted a 3% loss during the same period, reflecting a broader risk-off mood across crypto markets.
Market Snapshot:
- Key support: $3.87–$3.93, where institutional buyers appeared active.
- Resistance: $4.11 remains a firm ceiling, with repeated rejections at that level.
- Volume exceeded the daily average of 2.87 million during moments of high volatility.
- A late-session V-shaped rebound off $3.92 showed signs of short-term buying interest.
- Price action remains constrained, with no decisive direction confirmed.
Despite attempts to regain ground, DOT continues to face downward pressure. Until bulls can push decisively above $4.11, any recovery may prove short-lived. Traders are watching for a breakout from this consolidation zone to signal the next major move.
