DOT Stalls Below Resistance as Polkadot Struggles to Break Bearish Grip
Polkadot’s DOT remains under pressure, unable to reclaim upward momentum despite several intraday recovery attempts. The token traded between $3.87 and $4.11 over the past 24 hours, locked in a narrow range as sellers continue to dominate near resistance.
Technical data shows heightened accumulation near the $3.87–$3.93 support band, particularly during periods of elevated volume at 03:00 and 14:00 UTC. However, strong sell orders near $4.11 have repeatedly capped upside moves, leaving DOT unable to establish a breakout.
At last check, DOT was down 1.9% on the day, hovering around $3.94. The CoinDesk 20 Index also declined 3%, reflecting broader market weakness.
Key Technical Highlights:
- DOT saw a 6% swing across a $0.24 intraday range.
- Trading volume spiked above the 24-hour average of 2.87 million during support zone retests.
- Resistance at $4.11 remains firm, triggering consistent rejection.
- A sharp rebound from $3.92 late in the session formed a V-shaped pattern, but follow-through remains weak.
- Sustained movement above $3.94 is needed to challenge the current downtrend.
Until DOT breaks above the $4.11 ceiling, sentiment is likely to remain bearish. Bulls are watching for a decisive shift in momentum, while sellers continue to fade rallies near resistance.
