Share this article
Polkadot's DOT Drops Over 6% as Deterioration Accelerates
Support has been established at $3.74, with resistance at the $3.83 level.
Jul 30, 2025, 1:56 p.m.
What to know:
- DOT fell over 6% as the broader crypto market declined.
- Support levels have now deteriorated towards $3.74.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This period witnessed elevated volatility as prices breached multiple technical support levels, establishing a downward trajectory with resistance at $3.83 and support deteriorating towards $3.74, according to the model.
In recent trading, DOT was 6.2% lower over 24 hours, trading around $3.775.
Technical Analysis:
- 24-hour trading volumes averaged 2.29 million with considerable spikes during distribution periods.
- Substantial resistance established at the $3.87 level during peak selling activity.
- Volumes exceeded 340,000 during the 11:49-11:50 timeframe indicating capitulation.
- Definitive downward channel formed with resistance capped at $3.83.
- Support levels deteriorated towards $3.74 during the final hour of trading.
- Valuations failed to sustain key technical levels amid heightened selling pressure.
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.
Más para ti
Gemini Approved by CFTC to Offer U.S. Prediction Markets
Gemini said its affiliate Gemini Titan won CFTC approval to operate a Designated Contract Market, allowing the firm to offer regulated prediction markets in the U.S.
Lo que debes saber:
- Gemini said its affiliate, Gemini Titan, received CFTC approval to operate as a Designated Contract Market.
- The firm stated that the license enables it to offer regulated prediction markets to U.S. customers.
- The Winklevoss twins praised the decision as aligning with President Trump’s push for U.S. leadership in the crypto sector.
Top Stories
