Polkadot’s DOT underperforms as technical pressure weighs on price

Polkadot’s DOT token slipped two percent to trade around $1.84 as the broader crypto market edged only slightly lower.

The move left DOT underperforming the wider market during the latest trading session.

Market data showed the CoinDesk 20 index was down roughly 0.6% at the same time.

Analysts said the divergence reflects sector rotation rather than a shift in Polkadot’s fundamentals.

CoinDesk Research indicated the price action was driven primarily by technical factors.

The model found no clear fundamental catalysts behind the decline.

DOT encountered firm resistance near the $1.88 level during the session.

Confirmed selling pressure emerged as the token approached that resistance zone.

Support was tested near $1.83, which has become a key short-term floor.

Immediate downside support is now seen in the $1.825 to $1.830 range.

Analysts warned that a break below this level could trigger further volatility.

Trading volumes were 7.8% above the seven-day moving average.

Approximately 7.76 million DOT tokens changed hands over the period.

Elevated volume suggested organic price discovery rather than forced selling.

DOT continued to trade within a volatile consolidation pattern.

The model noted the formation of higher lows from the $1.83 base.

This pattern indicates buyers remain active at lower price levels.

A sustained technical breakout could shift market momentum.

Upside targets were identified in the $2.00 to $2.50 range.

Analysts said a structural break would be required to reach those levels.

Short liquidation levels above $2.00 could act as a potential catalyst.

In the near term, resistance at $1.88 remains the primary hurdle.

Without fresh fundamental news, technical levels are likely to dominate trading.

Broader market sentiment remains cautious amid ongoing sector rotation.

Polkadot’s longer-term positioning was described as unchanged by analysts.

The token’s recent weakness was characterised as modest rather than structural.

Traders were advised to monitor support closely during the consolidation phase.

Analysts said DOT’s performance highlights selective risk behaviour across altcoins.

At the time of reporting, Polkadot price was $1.81.