DOT drops 3% to $1.83 as crypto markets reverse lower
CoinDesk
Polkadot's DOT token fell 3% to $1.83, breaking key support despite positive Coinbase integration news.Summary
Polkadot's DOT token dropped 3% to $1.83, breaking the psychological $1.90 support level as technical selling overwhelmed positive news about Coinbase announcing direct Polkadot network support. Heavy distribution occurred in the final two trading hours, with volume spiking 340% above the 24-hour average, confirming institutional selling at the $1.95 level. This breakdown established bearish momentum, with the CoinDesk 20 index also falling 2%. Technical analysis indicates primary support is now at the $1.82 demand zone, with resistance at the broken $1.90 level; a failure to hold current support could extend downside risk toward $1.75-$1.80.
(Source：CoinDesk)