DOT slides as Polkadot underperforms the wider crypto market.

Polkadot’s DOT Dips 2%, Faces Resistance Near $1.88

Polkadot’s DOT ($1.8309) dropped about 2% over the past 24 hours, trading close to $1.84. Trading activity was elevated, with 7.76 million tokens exchanged—7.8% above the seven-day moving average—according to CoinDesk Research’s technical analysis model.

The decline occurred without clear fundamental drivers, as technical factors largely shaped price movements. DOT lagged the broader crypto market, while the CoinDesk 20 index fell 0.6% during the same period. Analysts suggest this divergence reflects sector rotation rather than any structural weakness in Polkadot.

Technical resistance at $1.88 remains a key hurdle as DOT navigates a volatile consolidation pattern.

Technical Snapshot:

• Resistance: $1.88, with confirmed selling pressure
• Support: tested at $1.83; immediate zone $1.825–$1.830
• Potential upside: $2.00–$2.50 if structural break occurs
• 24-hour volume 7.8% above seven-day average, indicating active price discovery
• Higher lows from $1.83 during early consolidation phase
• Short liquidations above $2.00 could spark upward momentum
• Downside risk remains at $1.825–$1.830 support

DOT continues to trade within a technical range, with key levels dictating short-term price direction.

About The Author

ctleditor

See author's posts