DOT trades near multi-week lows as bearish structure persists despite short-term stabilization signals.
Polkadot’s native token, DOT, continues to lag behind the broader cryptocurrency market, reflecting sustained bearish pressure and weak momentum. While major digital assets have shown signs of consolidation, DOT remains confined within a narrow range, struggling to reclaim key technical levels.
At the time of observation, DOT is trading around $1.84, marking a modest dip and confirming its underperformance relative to the wider market. Price action on the four-hour chart highlights a clear descending trendline, which has repeatedly capped upside attempts. Each recovery rally has been met with selling pressure, reinforcing the prevailing downtrend structure.
The market also shows multiple breaks of structure to the downside, signaling continued bearish control. Recent rebounds have failed to generate meaningful follow-through, suggesting that buyers remain cautious.
Key Support and Resistance Levels to Watch
From a technical perspective, immediate support sits at $1.83, a level that has acted as a short-term floor. A decisive breakdown below this zone could expose DOT to further downside toward lower liquidity areas. On the upside, resistance is clearly defined near $1.88, where price has repeatedly stalled.
Volume trends remain subdued, indicating a lack of strong conviction from either side. Until DOT breaks above its descending resistance with volume confirmation, the outlook remains bearish to neutral, with traders closely monitoring the $1.83 support for signs of potential breakdown or stabilization.
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.