DOT’s price plunged from $2.09 to $1.97, erasing previous bullish momentum. The decline confirmed the violation of key support at $2.05 under volume 284% higher than normal. The previous bullish trend structure is invalidated, with the downside target now at $1.90 if $1.95 fails to hold. The last market session was a shock for Polkadot (DOT), as it experienced a technical correction that led it to fall from its high of $2.09 to a low of $1.97.
According to market data, trading volume was positioned above normal levels, reaching an impressive 284%, with 10.3 million tokens traded in a brief period. This increase in activity marked the collapse of the key support at $2.05, an area that had been tested and established as vital resistance before the breakdown. The break of the $2.05 level was critical, as it confirmed the rupture of an ascending trendline that had anchored DOT’s recent bullish structure. The price behavior revealed a violent rejection from higher levels; the token was briefly part of an ascending channel between $2.01 and $2.09 before encountering massive selling that invalidated the structure.
The Polkadot technical analysis now shifts attention to the lower levels to determine the short-term trajectory. Following the price fracture, primary support rests at the psychological level of $1.95. If it manages to hold, the price could attempt to consolidate within the range of $1.95 to $2.01. However, if the $1.95 support yields, the outlook will be dark and ominous. In that scenario, the bearish target would be projected towards the $1.90 mark.
On the recovery side, the token faces immediate resistance at $1.985, a key point after failed rebound attempts. In summary, a sustainable recovery will require a greater effort: it is imperative that DOT reclaims the $2.00 resistance level, and does so with volume confirmation to validate new buying pressure.
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