DOT Sinks 2% After Breaking Key Support

The Polkadot token (DOT) experienced a technical breakdown during Friday's session, plunging from a high of $2.09 to $1.97, erasing earlier gains. This decline occurred on heavy volume, reaching 284% above normal levels, which confirmed the selling pressure. The token broke key support at $2.05, violating an ascending trendline that underpinned its recent bullish structure. Price action showed a violent rejection after DOT formed an ascending channel between $2.01 and $2.09. Primary support now rests at the $1.95 psychological level, and a failure to hold this could target $1.90, while recovery requires reclaiming resistance at $2.00.

(Source：CoinDesk)