Polkadot Falls 7.82% to $1.13, Trading Below Short-Term Averages

Polkadot (DOT) fell 7.82% over 24 hours to $1.13 on Oct. 7, extending a decline that placed the token near a key technical support level.

DOT traded between $1.10 and $1.25 during the period. The pivot was $1.16, with resistance at $1.22 and stronger resistance at $1.31.

Support levels were $1.07 and $1.01, with $1.07 identified as the key level and $1.01 as major support. The lower Bollinger Band was near $1.10.

Seven-day and 20-day moving averages were listed at $1.18. The 50-day moving average stood at $1.04, while the 200-day average was $1.05.

The technical setup leaves DOT below the listed pivot and short-term moving averages.

The analysis was timestamped at 4:10 a.m. ET (08:10 UTC) on Oct. 7.