Polkadot Slides 11% to $2.02 as Selling Pressure Intensifies
Polkadot (DOT) tumbled sharply on Monday, falling to $2.02 from $2.27 as heavy selling pushed the token below key technical levels and toward the psychological $2.00 mark. CoinDesk Research’s technical analysis model notes that the 11.4% decline ranks among DOT’s largest single-session losses this year.
Trading activity surged to 14.6 million tokens, roughly 280% above the 24-hour average, signaling strong selling pressure. The breakdown accelerated overnight, with DOT slipping past critical support at $2.05 around midnight UTC.
Attempts to recover were repeatedly unsuccessful, as buyers failed to reclaim levels near $2.09 and $2.06, confirming sustained bearish momentum. Analysts point to $2.00 as the next major psychological support and potential downside target.
The broader crypto market also fell, with the CoinDesk 20 Index declining 7.5% amid widespread selling.
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