DOT slides 4.5% as token underperforms wider crypto markets
fell 4.5% to $1.75 over the last 24 hours, underperforming wider crypto markets.
The broader market gauge, the CoinDesk 20 index, was 2.5% lower at publication time.
The decline in DOT occurred on notably thin volume, tracking 9% below 30-day averages and highlighting the absence of institutional participation that typically drives sustained moves, according to CoinDesk Research’s technical analysis model.
The model showed that DOT exhibited relative weakness against the broader cryptocurrency complex, as capital rotated toward higher-momentum assets.
The divergence reflects waning investor appetite for the token despite recent ecosystem developments, with market participants demanding clearer catalysts before re-engaging with…
