Polkadot Token DOT Holds Steady Amid Recent Decline

Polkadot (DOT) Holds Ground After 4% Drop Amid Market Weakness

Polkadot’s DOT token experienced a 4% decline over the past 24 hours, mirroring the broader crypto market downturn. Technical analysis from CoinDesk Research shows DOT touched a low of $4.07 on strong trading volume of 3.16 million, significantly above the daily average of 2.31 million, establishing a firm support level.

After the dip, DOT rebounded, trading between $4.15 and $4.18, indicating that institutional buying may be stabilizing the market. As of press time, DOT remained down 4.2%, around $4.13, while the CoinDesk 20 Index fell 3.2% during the same period.

Technical Highlights:

• Support level confirmed at $4.07 during the sell-off.
• Recovery to $4.15–$4.18 suggests short-term consolidation.
• High rebound volume points to institutional accumulation.
• DOT appears to be stabilizing within current support zones.

On the development front, Polkadot is consolidating its ecosystem services into Asset Hub on November 4, creating Polkadot Hub, the network’s “superchain,” according to announcements shared on X.