Polkadot’s Digital Asset DOT Faces Strong Selling Pressure
Main Idea
Polkadot's digital asset DOT experienced significant selling pressure, dropping over 5% in 24 hours, with technical analysis highlighting key support and resistance levels.
Key Points
1. DOT's price declined from $3.76 to $3.56, a loss of over 5% in 24 hours.
2. The token reached an intraday high of $3.87 on July 31 before facing selling pressure.
3. Technical analysis identifies a new support range for DOT between $3.55 and $3.58, with resistance at $3.68.
4. Trading volumes spiked at certain periods, exceeding 200,000 units, indicating concentrated sales.
5. The CoinDesk 20 index dropped by 3.7%, reflecting broader market trends.
Description
Polkadot's DOT faced over a 5% drop within 24 hours. New support is between $3.55 and $3.58 in the market analysis. Continue Reading: Polkadot’s Digital Asset DOT Faces Strong Selling Pressure The post Polkadot’s Digital Asset DOT Faces Strong Selling Pressure appeared first on COINTURK NEWS .
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