Polkadot Slips as $3.80 Support Breaks
Polkadot’s DOT token extended its decline Thursday, dropping 4% to $3.75 after losing support at $3.80. The move reflected broader weakness across digital assets, with the CoinDesk 20 Index down 2.7% over the same period.
According to CoinDesk Research, DOT’s trading range narrowed to $0.15, marking a 4% volatility spike. Resistance at $3.90 has repeatedly capped upside moves, while the latest breakdown triggered a 2.21 million token volume surge.
Technical snapshot:
- Resistance: $3.90 remains unbroken.
- Support: $3.80 collapse fueled heavy selling.
- Range: $3.90–$3.75 (≈4% volatility).
- Volume: Selloff at 14:06 UTC saw 380,614 tokens traded.
- Momentum: Multiple failed bounces above $3.75 confirm sustained bearish pressure.
At last check, DOT was down 3.6% in 24 hours, consolidating just above $3.75.
