DOT Drops 4% to $3.75 Amid Broader Crypto Market Decline
Polkadot's DOT declined 4% in 24 hours, now priced at $3.75, influenced by a broader drop in the crypto market.
Key points from the technical analysis:
- Resistance remains at $3.90 after multiple tests.
- Support at $3.80 has broken down, causing a volume spike of 2.21 million.
- Trading range of $0.15 indicates 4% volatility between $3.90 and $3.75.
- A volume peak of 380,614 units occurred at 14:06 UTC during the price decline.
- Repeated failures to recover above the $3.75 threshold suggest sustained selling pressure.
The broader crypto market also saw a decline, with the Coindesk 20 index falling by 2.7%.