Polkadot’s dot slid 4% over the past 24 hours and dropped to $ 3.75 withdrawing BA baking at the wider crypto market.
The token trade area was $ 0.15, marking a 4% volatility spike, according to Coindesk Research’s technical analysis model.
Resistance held at $ 3.90 while DOT fell through $ 3.80 support level. Technical structure has deteriorated quickly with a series of recovery experiments that fail, according to the model.
The wider crypto market also fell with the wider market meter, Coindesk 20, lost 2.7%.
In the recent trade, polkadot was 3.6% lower over 24 hours and traded about $ 3.75.
Technical Analysis:
- Resistance to $ 3.90 is valid through multiple tests.
- Support depletion to $ 3.80 triggers 2.21 million volume spike.
- The trading area of $ 0.15 represents 4% volatility between $ 3.90 and $ 3.75.
- Volume wave at. 14:06 UTC frame 380,614 units under price collapse.
- Recovery attempt fails over $ 3.75 threshold repeatedly.
- Bounce error confirms persistent sales across all time frames.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
