DOT Breaks Support, Drops to $3.75 as Selling Pressure Mounts
Polkadot’s DOT token extended losses Thursday, sliding 4% over the past 24 hours to $3.75 as key technical support levels gave way. The drop mirrored weakness in the wider market, where the CoinDesk 20 Index declined 2.7%.
CoinDesk Research’s technical model showed DOT trading within a $0.15 band, reflecting a 4% volatility spike. Resistance at $3.90 continued to hold, while the decisive breach of $3.80 triggered a volume surge of 2.21 million tokens.
Key technical signals:
- Resistance: $3.90 level remains unbroken after repeated tests.
- Support: $3.80 breakdown sparked heavy sell volume.
- Range: $3.90–$3.75, equal to 4% volatility.
- Volume: A sharp selloff at 14:06 UTC saw 380,614 tokens traded.
- Trend: Failed recovery attempts above $3.75 confirm persistent selling.
At last check, DOT was down 3.6% in 24 hours, trading just above $3.75, with bearish momentum intact.
