{"id":40018,"date":"2025-08-01T17:02:24","date_gmt":"2025-08-01T17:02:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40018"},"modified":"2025-08-01T17:02:24","modified_gmt":"2025-08-01T17:02:24","slug":"polkadots-dot-suffers-5-decline-as-intensified-selling-pressure-overwhelms-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40018","title":{"rendered":"Polkadot&#8217;s DOT Suffers 5% Decline as Intensified Selling Pressure Overwhelms Market"},"content":{"rendered":"<div>\n<p>Polkadot&#8217;s DOT encountered substantial bearish momentum over the last 24 hours, retreating from $3.76 to $3.56, or more than 5%, according to CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>The model showed that DOT initially demonstrated resilience, achieving an intraday high of $3.87 on July 31, yet subsequently confronted relentless selling pressure accompanied by pronounced volume surges during pivotal breakdown junctures on August 1.<\/p>\n<p>The token now has support in the $3.55-$3.58 range, with resistance at the $3.68 level, according to the model.<\/p>\n<p>In recent trading, DOT was 5.3% lower over 24 hours, trading around $3.64.<\/p>\n<p>The decline in Polkadot came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20 index, recently down 3.7%<\/p>\n<p><strong>Technical Analysis:<\/strong><\/p>\n<ul>\n<li>Price retreated from $3.76 to $3.56, representing a 5% decline over 24 hours.<\/li>\n<li>Intraday peak reached at $3.87 at 16:00 UTC on July 31 before selling pressure intensified.<\/li>\n<li>Volume exceeded 24-hour average of 3 million during key breakdown periods.<\/li>\n<li>Substantial resistance confirmed at $3.68 level.<\/li>\n<li>Fresh support established around $3.55-$3.58 range.<\/li>\n<li>Critical support breach occurred at $3.60 during final hour decline.<\/li>\n<li>New resistance formed around $3.67 level.<\/li>\n<li>Volume spikes exceeded 200,000 units during 13:45-13:46 UTC and 13:54 UTC periods.<\/li>\n<li>Negligible trading activity recorded in final three minutes, suggesting market exhaustion.<\/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 encountered substantial bearish momentum over the last 24 hours, retreating from $3.76 to $3.56, or more than 5%, according to CoinDesk Research&#8217;s technical analysis model. The model showed that DOT initially demonstrated resilience, achieving an intraday high of $3.87 on July 31, yet subsequently confronted relentless selling pressure accompanied by pronounced volume surges [&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-40018","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\/40018","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=40018"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40018\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}