DOT Slumps 4% as Support at $3.80 Level Fails

Polkadot's DOT slipped 4% in the last 24 hours, dropping to $3.75 dragged down b a decline in the broader crypto market.

The token's trading range was $0.15, marking a 4% volatility spike, according to CoinDesk Research's technical analysis model.

Resistance held firm at $3.90, while DOT fell through the $3.80 support level. Technical structure has deteriorated rapidly with a number of recovery attempts failing, according to the model.

The wider crypto market also fell, with the broader market gauge, the Coindesk 20, losing 2.7%.

In recent trading Polkadot was 3.6% lower over 24 hours, trading around $3.75.

Technical Analysis:

• Resistance at $3.90 holds through multiple tests.
• Support breakdown at $3.80 triggers 2.21 million volume spike.
• Trading range of $0.15 represents 4% volatility between $3.90 and $3.75.
• Volume surge at 14:06 UTC hits 380,614 units during price collapse.
• Recovery attempts fail above $3.75 threshold repeatedly.
• Bounce failures confirm sustained selling across all timeframes.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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