Polkadot Plunges 11% Breaking Below $2.05 Support Level Amid Broader Selloff

3 hours ago

DOT collapsed to $2.02 arsenic method breakdown accelerated connected monolithic volume, exposing the intelligence $2.00 level.

Dec 1, 2025, 1:37 p.m.

DOT$1.9861 crashed done captious enactment connected Monday, sending the token to $2.02 from $2.27 successful a crisp method breakdown, according to CoinDesk Research's method investigation model.

The 11.4% diminution ranks among the worst single-session losses for the ecosystem token this year, the exemplary said. The measurement surged to 14.6 cardinal tokens, 280% supra the 24-hour average, arsenic sellers overwhelmed buyers.

The exemplary showed that the breakdown gained momentum during overnight trading, arsenic DOT fell done the $2.05 enactment level astatine midnight.

Recovery attempts failed repeatedly, and buyers couldn't reclaim adjacent humble levels astir $2.09 and $2.06, confirming the displacement to bearish momentum done relentless selling pressure, according to the model.

The selloff exposes the captious $2.00 intelligence level arsenic the adjacent large downside target.

Wider crypto markets besides fell, with the CoinDesk 20 index, little by 7.5%.

Technical Analysis:

  • Primary absorption present sits astatine $2.27
  • Secondary absorption caps betterment astatine $2.09-$2.06 range
  • Critical enactment people astatine $2.00 intelligence level
  • Exceptional measurement surge to 14.56 cardinal during midnight breakdown (280% supra average)
  • Sustained elevated measurement passim diminution validates bearish momentum
  • Decisive breakdown from consolidation scope with spread creation
  • Failed betterment attempts creating little highs astatine $2.09, $2.06
  • Momentum cascade signifier emerges successful last trading hour
  • Technical operation turns bearish with absorption capping upside
  • Immediate downside target: $2.00 intelligence enactment level
  • Recovery resistance: $2.09 indispensable beryllium reclaimed for short-term stabilization
  • Current risk/reward favors continued downside until measurement stabilizes

Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.

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