DOT Falls 2% as Crucial Support Gives Way

Polkadot’s DOT turned lower on Friday after failing to hold early gains, with heavy selling pressure triggering a decisive technical breakdown.

The token slid from an intraday high of $2.09 to $1.97, wiping out its recent upward momentum. According to CoinDesk Research’s technical analysis model, the decline unfolded on unusually strong volume, with trading activity running nearly three times above normal levels.

Selling intensified once DOT fell below the $2.05 support area, a level that had been tested multiple times in recent sessions. The breakdown gathered pace on roughly 10.3 million tokens in volume, confirming a clear breach of the ascending trendline that had underpinned the prior bullish structure.

Price action showed a sharp rejection from higher levels after DOT traded within an ascending channel between $2.01 and $2.09. The failure near the top of that range marked a shift in market control as sellers overwhelmed buyers, the model indicated.

Following the move lower, DOT stabilized near the $1.95 psychological level, where prices have begun to consolidate. Attempts to recover have so far stalled below $1.985, leaving overhead resistance intact.

Broader crypto markets also edged lower, with the CoinDesk 20 index down 0.6% at the time of publication.

Technical Outlook: DOT Searches for Support

Support and Resistance

Key support holding near $1.95 after the $2.05 breakdown
Immediate resistance at $1.985 following failed rebound attempts
Short-term consolidation range forming between $1.95 and $2.01

Volume Signals

Breakdown driven by 10.3 million tokens in volume, 284% above the 24-hour average
Peak hourly volume of 995,000 tokens, about 400% above the session norm
Elevated activity confirms a valid technical breakdown

Chart Structure