Polkadot’s DOT Stabilizes Following Steep Pullback

Polkadot (DOT) Shows Signs of Stabilization After 4% Drop

Polkadot’s native token, DOT, experienced a 4% decline over the past 24 hours amid a broad pullback across crypto markets. According to CoinDesk Research’s technical analysis, the token fell to a low of $4.07 on elevated volume of 3.16 million—well above the 24-hour average of 2.31 million—establishing strong support at this level.

Following the sell-off, DOT recovered to the $4.15–$4.18 range, suggesting that institutional buyers stepped in at lower levels, helping stabilize the market. In recent trading, DOT is down roughly 4.2%, around $4.13, while the broader CoinDesk 20 Index fell 3.2%.

Technical Highlights:

• Heavy trading volume during the low at $4.07 confirmed significant support.
• Recovery to $4.15–$4.18 shows resilience and potential consolidation.
• Elevated volume during recovery candles indicates institutional accumulation.
• Consolidation near current levels points to stabilization in the short term.

On the development front, Polkadot is consolidating its core services into Asset Hub, scheduled for November 4, transforming it into the ecosystem’s central “superchain,” the Polkadot Hub.

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