Polkadot’s DOT dropped more than 3% in the last 24-hours, sliding from $4.09 to $3.96, according to CoinDesk Research’s technical analysis model.
Support has formed around $3.91-$3.93 levels with notable volume spikes during overnight trading sessions, according to the model.
Volume analysis points to exhausted selling near current support zones.
The Tie presented a webinar today about real-world use cases for the Polkadot blockchain, according to a post on X.
The drop in DOT came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 1.2%.
In recent trading, DOT was 3.1% lower over 24 hours, trading around $3.95.
Technical Analysis:
- Price declined more than 3% over 24-hour period from $4.09 to $3.96.
- Support levels established around $3.91-$3.93 range.
- Resistance zone identified between $4.03-$4.07.
- Volume spike to 3.97 million at 00:00 UTC, above 2.26 million average.
- Critical support break occurred at $4.02 level during final hour.
- Volume diminished in final minutes suggesting selling exhaustion.
