DOT Price Fights for Survival at $1.10 Moving Average

The price of DOT has taken a significant hit, plummeting by -6.46% in a single session and landing precisely on its 200-day simple moving average at $1.10.

This move is not just about the drop itself, but rather the divergence between price action and the derivatives market underneath it.

While spot traders were getting stopped out, futures participants were aggressively building new positions, with open interest exploding 20.2% in a single day to reach over $54 million in notional value.

This kind of OI expansion during a selloff doesn't scream panic; it screams accumulation.