Polkadot’s DOT Faces Bearish Pressure Despite Recovery Attempts

Polkadot’s DOT encountered ongoing bearish momentum despite several recovery attempts, fluctuating between $3.87-$4.11 throughout the 24-hour timeframe, according to CoinDesk Research’s technical analysis model. The model showed that substantial institutional purchasing activity developed at critical support zones around $3.87-$3.93, notably during elevated volume sessions at 03:00 and 14:00 hours. Significant support has developed in the $3.87-$3.93 range with resistance at the $4.11 level, according to the model. The drop in Polkadot came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 3%. In recent trading, DOT was 1.9% lower over 24 hours, trading around $3.94. Technical Analysis: Trading range of $0.24 constituting 6% differential between peak of $4.11 and trough of $3.87. Volume surpassed 24-hour average of 2.87 million during critical support evaluations at 03:00 and 14:00 hours. Robust resistance at $4.11 threshold with escalated selling momentum establishing upward movement ceiling. Support territory established within $3.87-$3.93 range with significant buying interest on elevated volume. V-shaped recovery formation emerged in final trading period with sustained rally from $3.92 minimum. Breakthrough above $3.94 resistance threshold suggesting potential short-term sentiment transformation. 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 .

Source: CoinDesk