Polkadot’s DOT price fell back below the $2 level, erasing gains tied to Robinhood’s listing. Bearish indicators point to rising downside momentum and weak demand for DOT. Failure to reclaim the $2 level could send DOT toward $1.70 or lower.

Polkadot’s DOT price slipped back under the $2 threshold, erasing gains tied to Robinhood’s listing. The move leaves DOT testing nearby support and raises questions about near-term demand.

Bearish indicators point to renewed downside momentum and softer demand for DOT. If buyers cannot reclaim the $2 level, the downside case remains intact for traders. Failure to reclaim $2 could push DOT toward $1.70 or lower, extending the corrective move and keeping downside pressure in view.

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