{"id":38683,"date":"2025-07-24T20:16:50","date_gmt":"2025-07-24T20:16:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38683"},"modified":"2025-07-24T20:16:50","modified_gmt":"2025-07-24T20:16:50","slug":"polkadots-dot-bounces-after-7-decline","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38683","title":{"rendered":"Polkadot&#8217;s DOT Bounces After 7% Decline"},"content":{"rendered":"<div>\n<p>Polkadot&#8217;s DOT staged a strong recovery after slumping as much as 7%, bouncing from $3.91 to $4.08 amid high trading volumes, according to CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>The model showed that DOT navigated substantial price swings during the 24-hour period from July 23 19:00 to July 24 18:00, oscillating between $3.91 and $4.20 before settling at $4.08.<\/p>\n<p>Earlier this week, the Securities and Exchange Commission (SEC) <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/07\/22\/sec-approves-then-pauses-bitwise-s-bid-to-convert-bitw-crypto-index-fund-to-etf\">withdrew its accelerated approval<\/a> for a Bitwise crypto exchange-traded fund (ETF) that plans to include DOT among its top holdings by market cap.<\/p>\n<p>The bounce in Polkadot came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 1.4%.<\/p>\n<p>In recent trading, DOT was 2% lower over 24 hours, trading around $4.09.<\/p>\n<h5>Technical Analysis:<\/h5>\n<ul>\n<li>Overall trading range of $0.28 representing 7% volatility between $4.20 maximum and $3.91 minimum.<\/li>\n<li>Critical support level established at $3.96 with high volume confirmation exceeding 4.28 million average.<\/li>\n<li>Resistance zone identified at $4.10 level showing price rejection patterns.<\/li>\n<li>Volume spike of 73,061 during decline phase indicating institutional selling pressure.<\/li>\n<li>Recovery pattern suggests potential continuation toward $4.13 target level.<\/li>\n<li>Net decline of 2% from opening despite strong bounce from overnight lows.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong> <em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot&#8217;s DOT staged a strong recovery after slumping as much as 7%, bouncing from $3.91 to $4.08 amid high trading volumes, according to CoinDesk Research&#8217;s technical analysis model. The model showed that DOT navigated substantial price swings during the 24-hour period from July 23 19:00 to July 24 18:00, oscillating between $3.91 and $4.20 before [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38683","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38683"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38683\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}