Polkadot's Sudden Plunge: What Happened?

Polkadots DOT token plummeted from $2.09 to $1.97 in a single trading session, erasing recent gains. The sudden drop, occurring on unusually high trading volume, indicates strong selling pressure. The tokens key support level at $2.05 was breached, and a new psychological support level of $1.95 has emerged. The broader cryptocurrency market also experienced a slight decline, adding to the pressure on DOT. A recovery would require DOT to regain the $2.00 resistance level with significant trading volume.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.