Polkadot's DOT Declines in U.S. Afternoon Selloff

2026-01-06 20:31:11

Source: CryptoNewsNet Original Title: Polkadot’s DOT declines in U.S. afternoon selloff Original Link: DOT $2.1512 surrendered earlier gains in a sharp reversal Tuesday to trade 3.3% lower over the last 24 hours.

The token underperformed wider crypto markets. The major cryptocurrency index was 1.3% lower at publication time.

DOT volume ran 17% higher than the 30-day moving average, suggesting institutional distribution rather than retail capitulation, according to technical analysis.

The analysis showed that the day began with DOT climbing to $2.17 on strengthening participation, tracking closely with the broader cryptocurrency complex.

Resistance at the $2.24-2.26 zone repelled a breakout attempt, setting the stage for the subsequent breakdown, according to the model.

Price deterioration accelerated as DOT carved through multiple support zones in three distinct capitulation waves.

DOT-2,04%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes