Polkadot’s DOT dips, with token underperforming wider crypto markets
fell 2% to $1.84 over the last 24 hours.
Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research’s technical analysis model.
The model showed that the move in DOT occurred without clear fundamental catalysts as technical factors dominated price action.
The token underperformed the broader crypto market. The CoinDesk 20 index was 0.6% lower at publication time.
This modest divergence reflects sector rotation dynamics rather than fundamental weakness in Polkadot’s positioning, according to the model.
In the absence of clear fundamental drivers, technical resistance at $1.88 became paramount, the model said, as DOT worked through a volatile consolidation pattern.
Technical…
