Polkadot's DOT Drops Over 6% as Deterioration Accelerates

Description

DOT fell more than 6% over 24 hours, retreating from $4.02 to $3.77 amid a wider sell-off in crypto markets that saw the broad market CoinDesk 20 index fall 2.5%. The selling pressure in Polkadot intensified between 09:00 and 11:00 UTC when volumes topped the 24-hour average of 2.29 million, according to CoinDesk Research's technical analysis model. This period witnessed elevated volatility as prices breached multiple technical support levels, establishing a downward trajectory with resistance a...