Polkadot (DOT) Slides 12% as Bears Break Key Support at $2.87

DOT$2.7740 cracked under intense selling pressure on Monday, falling 12% to $2.56 as institutional-sized orders breached critical support levels, according to CoinDesk Research’s technical analysis model.

The model showed that the token posted extreme volatility, swinging from session highs of $2.99 ​​to $2.56 lows. Bears dominated price action during the morning hours, when massive volume spikes overwhelmed technical defenses.

The defining moment of the session came at 03:00 UTC as exceptional selling pressure reached 5.49 million tokens, more than double the 24-hour moving average, according to the model.

This institutional size distribution event coincides with a decisive break below the $2.87 support zone, according to the model.

Technical Analysis:

• The primary support broke at $2.76 after the institutional selling cascade
• The critical resistance zone at $2.80-$2.82 represents the next upside target
• Major resistance at the breakout level of $2.87 remains the key recovery threshold
• The session high of $2.99 ​​serves as final resistance for bullish continuation
• The exceptional selling pressure of 5.49 million tokens marked 106% above the average

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