Share this article
Polkadot's DOT Suffers 5% Decline as Intensified Selling Pressure Overwhelms Market
Support has now been established in the $3.55-$3.58 range, with resistance at the $3.68 level.
Aug 1, 2025, 4:48 p.m.
What to know:
- DOT fell over 5% amidst a broad selloff in crypto markets.
- The token has support in the $3.55-$3.58 range, with resistance at $3.68.
Polkadot's DOT encountered substantial bearish momentum over the last 24 hours, retreating from $3.76 to $3.56, or more than 5%, according to CoinDesk Research's technical analysis model.
The model showed that DOT initially demonstrated resilience, achieving an intraday high of $3.87 on July 31, yet subsequently confronted relentless selling pressure accompanied by pronounced volume surges during pivotal breakdown junctures on August 1.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The token now has support in the $3.55-$3.58 range, with resistance at the $3.68 level, according to the model.
In recent trading, DOT was 5.3% lower over 24 hours, trading around $3.64.
The decline in Polkadot came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20 index, recently down 3.7%
Technical Analysis:
- Price retreated from $3.76 to $3.56, representing a 5% decline over 24 hours.
- Intraday peak reached at $3.87 at 16:00 UTC on July 31 before selling pressure intensified.
- Volume exceeded 24-hour average of 3 million during key breakdown periods.
- Substantial resistance confirmed at $3.68 level.
- Fresh support established around $3.55-$3.58 range.
- Critical support breach occurred at $3.60 during final hour decline.
- New resistance formed around $3.67 level.
- Volume spikes exceeded 200,000 units during 13:45-13:46 UTC and 13:54 UTC periods.
- Negligible trading activity recorded in final three minutes, suggesting market exhaustion.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Dogecoin and Shiba Inu lag market as memecoins continue to lose ground to bitcoin
Despite increased whale accumulation, both DOGE and SHIB face selling pressure unless they reclaim key technical levels.
Yang perlu diketahui:
- Dogecoin and Shiba Inu continue to underperform compared to broader crypto markets, highlighting ongoing de-risking in speculative assets.
- Despite increased whale accumulation, both DOGE and SHIB face selling pressure unless they reclaim key technical levels.
- Recent regulatory developments for SHIB have not translated into immediate price gains, as technical factors dominate meme coin trading.
Top Stories
