$DOT Dives by 5.79% – Breaking Key Support Levels

Polkadot (DOT) is trading at $5.535, down -5.79% over the last 24 hours. The bears have taken control as the price tests crucial support levels, raising questions about further downside risk.

Market Snapshot:

• 24H High: $6.080

• 24H Low: $5.532

• Volume: 13.76M DOT / 80.75M USDT

Technical Analysis:

1. Resistance Levels:

• Immediate: $5.79 (MA7)

• Stronger: $5.83 (MA25)

2. Support Zones:

• Immediate: $5.53 (Daily low)

• Critical: $5.50

3. Indicators:

• MA Trends: Falling below MA7 and MA25 confirms bearish momentum.

• Volume Spike: Increased selling pressure points to further volatility.

What to Watch?

• If $5.53 fails to hold, expect further dips to $5.50 or lower.

• A recovery above $5.79 could indicate a reversal, but caution remains key.

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