DOT Falls 3% to $1.83 Despite Positive Coinbase Integration Update
Polkadot’s native token, DOT, extended its downtrend falling nearly 4% to around $1.83 as broader crypto markets reversed lower. The decline came despite recent positive developments related to Coinbase integration, underscoring how macro selling pressure continues to outweigh isolated bullish news.
DOT failed to hold the psychological $1.90 support level, which had previously acted as a short-term floor. Once that level broke, selling accelerated, pushing prices toward new local lows. Technical data confirming that bearish momentum remains firmly in control.
Trading volume increased during the sell-off, a signal that distribution rather than low-liquidity drift drove the move. The chart also highlights repeated breaks of structure, suggesting that attempts at recovery have been consistently sold into since early October.
Earlier optimism around Polkadot’s Coinbase-related integration did little to support price action. While such developments typically improve accessibility and long-term adoption, short-term sentiment remains tied to overall market direction. As risk appetite faded across major digital assets, DOT followed the broader trend lower.
With DOT now trading near key demand zones around $1.80, traders are watching closely to see whether buyers step in or if the downtrend extends further. Until broader market conditions stabilize, any upside attempts may face strong resistance, keeping Polkadot under pressure in the near term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.