Polkadot’s DOT token faced continued bearish momentum, fluctuating between $3.87 and $4.11 over the past 24 hours, according to CoinDesk Research’s technical model. Despite repeated recovery attempts, the token struggled to break above critical resistance levels.
Significant institutional buying activity emerged near the $3.87-$3.93 support zone, particularly during high-volume sessions at 03:00 and 14:00. This range has become a pivotal support level, while $4.11 remains a strong resistance point where selling pressure has capped upward moves.
The broader cryptocurrency market also trended lower, with the CoinDesk 20 index falling 3%, adding to downward pressure on DOT. At the time of analysis, DOT was trading around $3.94, down 1.9% in 24 hours.
Technical indicators highlight a narrow $0.24 trading range, equating to a 6% differential between the recent high and low. Volume spiked above the 24-hour average of 2.87 million during tests of the support zone, underscoring active participation by buyers defending this level.
Late trading sessions showed a V-shaped recovery from $3.92, with a modest rally hinting at improving short-term sentiment. A sustained move above $3.94 could confirm a potential shift in momentum, but resistance at $4.11 must be cleared for further upside potential.
Investors are closely watching whether DOT can maintain its support zone amid ongoing volatility in the crypto market. A break below $3.87 could trigger deeper declines, while a successful breakout above $4.11 may set the stage for a broader recovery.
