Polkadot (DOT) Plunges 11% Breaking Below $2.05 Support Level

Polkadot (DOT) experienced a sharp technical breakdown, plunging 11.4% from $2.27 to $2.02, marking one of its worst single-session losses this year. This decline occurred as volume surged to 14.6 million tokens, 280% above the 24-hour average, indicating strong selling pressure that overwhelmed buyers. The token fell through the crucial $2.05 support level overnight, and subsequent recovery attempts failed, confirming a bearish momentum shift. The immediate downside target is now the psychological $2.00 level, while resistance for any short-term stabilization is capped around $2.09 to $2.06. The broader crypto market also weakened, with the CoinDesk 20 index falling by 7.5%.

(Source：CoinDesk)