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Polkadot (DOT) experienced a sharp technical breakdown during Friday’s trading session, wiping out its recent recovery momentum as the price fell decisively below a key support level. DOT dropped from an intraday high near $2.09 to a low of $1.97, marking a notable reversal that has raised fresh concerns among traders and analysts monitoring the token’s short-term outlook.
The sell-off was accompanied by unusually heavy trading activity. According to CoinDesk Research’s technical analysis model, trading volume surged to approximately 10.3 million DOT tokens, representing a 284% increase compared with the 24-hour average. At its peak, hourly volume reached nearly 995,000 tokens, roughly 400% above normal session levels. This sharp spike in volume reinforced the view that the move lower reflects a genuine technical breakdown rather than a temporary price fluctuation.
A critical turning point came when DOT lost support at the $2.05 level, an area that had been tested multiple times and previously acted as a foundation for the token’s short-term bullish structure. Once selling pressure intensified, the price sliced through this zone, confirming a violation of the ascending trendline that had guided the recent rally. The breakdown effectively ended an ascending price channel that had formed between $2.01 and $2.09, culminating in what the model described as a violent rejection from higher levels.
Following the drop, DOT stabilized within a consolidation range between $1.95 and $2.01. The $1.95 psychological level is now viewed as primary support, while immediate resistance has emerged near $1.985 after several failed recovery attempts. If support at $1.95 fails to hold, analysts see potential downside risk toward the $1.90 area. On the upside, any meaningful recovery would likely require DOT to reclaim the $2.00 level with strong volume confirmation.
The weakness in DOT mirrored broader market softness, with the CoinDesk 20 index down around 0.6% at the time of publication, underscoring continued caution across the crypto market.
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