Share this article
Polkadot Slumps as Bears Break Key Support at $2.87
Heavy institutional selling pressure triggered a technical breakdown in DOT.
Nov 3, 2025, 3:57 p.m.
Make us preferred on Google
What to know:
- DOT slumped 12% as a 5.49 million token sell-off overwhelmed support.
- Wider crypto markets also fell, with the broader market index, the CoinDesk 20, lower by 6%.
cracked under intense selling pressure Monday, dropping 12% to $2.56 as institutional-sized orders broke critical support levels, according to CoinDesk Research's technical analysis model.
The model showed that the token posted extreme volatility, swinging from session highs of $2.99 to $2.56 lows. Bears dominated price action during early morning hours when massive volume spikes overwhelmed technical defenses.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The session's defining moment struck at 03:00 UTC as exceptional selling pressure reached 5.49 million tokens, more than double the 24-hour moving average, according to the model.
This institutional-sized distribution event coincided with a decisive break below the $2.87 support zone, according to the model.
Technical Analysis:
- Primary support broke at $2.76 following institutional selling cascade
- Critical resistance zone at $2.80-$2.82 represents next upside target
- Major resistance at $2.87 breakdown level remains key reclaim threshold
- Session high of $2.99 serves as ultimate resistance for bullish continuation
- Exceptional selling pressure of 5.49 million tokens marked 106% above average
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.
