DOT Slips 4% From Peak, Hovering Around $3.32 Support Level

Polkadot Sees Transaction Decline While DOT Hovers Near Key Price Floor

Polkadot has experienced a slowdown in blockchain activity during the first half of 2025, reflected in both declining transaction volumes and cautious trading behavior in its native token, DOT.

Analysis from CoinDesk Research indicates that DOT has been moving within a modest 4.4% trading range, climbing as high as $3.46 before pulling back. The token is currently testing significant support near $3.32—a level that has held firm through recent market fluctuations.

Transaction volume on Polkadot’s network dropped substantially in the first quarter, sliding 36.9% from the previous quarter to 137.1 million transactions, pointing to reduced usage and engagement.

As of the latest reading, DOT is down 2.4% over the past 24 hours, trading at approximately $3.31. The broader market, tracked by the CoinDesk 20 Index, has mirrored this move, also shedding 2.4%.

Key Technical Observations:

• The strongest upward movement occurred between 19:00 and 20:00 UTC on June 30, as DOT surged to $3.46 amid trading volumes of 1.81 million.
• Buyers defended support around $3.32 early on July 1, with trading volume spiking to 1.34 million DOT at 07:00 UTC.
• Late trading sessions saw renewed selling pressure, pulling DOT lower to close near $3.33, signaling bearish momentum.
• A brief rally lifted DOT to $3.36 at 15:06 UTC, but heavy selling shortly after reversed those gains.
• A notable volume spike occurred between 15:31 and 15:32 UTC, with 267,000 DOT changing hands, suggesting potential institutional activity on the sell side.