Polkadot’s DOT Slides After Recovery Stalls Again, Indicating Underlying Weakness -

Polkadot’s DOT Slides Over 3% as Momentum Falters Near Resistance

Polkadot’s DOT token declined more than 3% in the past 24 hours, falling from $4.09 to $3.96, as failed attempts to reclaim higher levels pointed to waning bullish momentum, according to CoinDesk Research’s technical analysis model.

Support has emerged between $3.91 and $3.93, where trading volume picked up during overnight sessions, suggesting some buyer interest at those levels. However, resistance remains firm between $4.03 and $4.07, capping recovery attempts.

A spike in volume to 3.97 million at 00:00 UTC marked the session’s peak, well above the 2.26 million average. However, trading activity slowed into the final minutes, signaling possible exhaustion from sellers following a key breakdown at the $4.02 level.

The decline came alongside a broader market pullback, with the CoinDesk 20 Index down 1.2% over the same period.

Separately, data provider The Tie held a webinar discussing Polkadot’s real-world applications, though the event had little impact on price action.

DOT is currently trading around $3.95, down 3.1% on the day.

Key Technical Levels: