DOT Falls 4% Off Highs as Polkadot Eyes Support Near $3.32

Polkadot Faces Declining Activity as DOT Hovers Near Key Support

Polkadot’s network activity has slowed significantly in the first half of 2025, with transaction volumes and price action reflecting broader investor uncertainty.

According to data from CoinDesk Research, Polkadot’s native token, DOT, recently traded in a tight 4.4% range, climbing to a peak of $3.46 before retreating. The token now appears to be testing crucial support around the $3.32 level, which has emerged as a strong defensive zone in recent trading.

Polkadot’s transaction count dropped sharply in Q1, falling 36.9% from the previous quarter to 137.1 million—indicating a broader cooldown in network activity.

As of writing, DOT is down 2.4% over the past 24 hours, priced near $3.31. The broader crypto market, measured by the CoinDesk 20 Index, mirrored the decline with a similar 2.4% dip.

Technical Breakdown:

The most notable upward momentum occurred on June 30 between 19:00 and 20:00 UTC, when DOT surged to $3.46 on strong volume of 1.81 million.
Strong support formed around $3.32 early on July 1, as volume spiked to 1.34 million DOT around 07:00 UTC.
Late-session trading saw renewed selling pressure, with the price closing near $3.33—toward the bottom of the daily range.
DOT briefly rebounded to $3.36 at 15:06 UTC, but sellers stepped in again about 30 minutes later.
A sharp rise in volume between 15:31 and 15:32 UTC, totaling 267,000 DOT, may point to institutional selling.