Polkadot (DOT) declines in late session selloff

Polkadot's DOT token experienced a sharp reversal in the U.S. afternoon, declining 3.3% over the last 24 hours and underperforming the broader crypto markets, with the CoinDesk 20 index down 1.3% at the time of publication. Technical analysis indicated that the high volume, which was 17% above the 30-day moving average, suggested institutional distribution. DOT initially climbed to $2.17 but failed to break resistance between $2.24 and $2.26, leading to accelerated price deterioration through multiple support zones. The breakdown below the critical $2.19 support level negated daily gains, shifting the technical structure decisively bearish. Immediate resistance is now set at $2.19, while critical support lies in the $2.14-$2.15 demand zone.

(Source：CoinDesk)