DOT Drops 2%, Traders Watch Market Shifts

Polkadots DOT token dropped by 2% over the past day, now trading at $1.84, despite higher-than-average trading volumes. The dip lacked significant fundamental news, suggesting technical factors at play. DOT underperformed the broader crypto market, indicating sector rotation. Traders are watching for potential price discovery and support at $1.83, with resistance at $1.88. Upside targets range from $2 to $2.50 if key patterns are broken, while downside support could signal the next move. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.