Polkadot's DOT encountered ongoing bearish momentum despite several recovery attempts, fluctuating between $3.87-$4.11 throughout the 24-hour timeframe, according to CoinDesk Research's technical analysis model.

The model showed that substantial institutional purchasing activity developed at critical support zones around $3.87-$3.93, notably during elevated volume sessions at 03:00 and 14:00 hours.

Significant support has developed in the $3.87-$3.93 range with resistance at the $4.11 level, according to the model.

The drop in Polkadot came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 3%.

In recent trading, DOT was 1.9% lower over 24 hours, trading around $3.94.

Technical Analysis:

• Trading range of $0.24 constituting 6% differential between peak of $4.11 and trough of $3.87.
• Volume surpassed 24-hour average of 2.87 million during critical support evaluations at 03:00 and 14:00 hours.
• Robust resistance at $4.11 threshold with escalated selling momentum establishing upward movement ceiling.
• Support territory established within $3.87-$3.93 range with significant buying interest on elevated volume.
• V-shaped recovery formation emerged in final trading period with sustained rally from $3.92 minimum.
• Breakthrough above $3.94 resistance threshold suggesting potential short-term sentiment transformation.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to . For more information, see .