Polkadot Price Plummets Under Bearish Pressure

The price of DOT (Polkadot) has been under increasing selling pressure, making every attempt at recovery futile. As a result, a floor test around $0.77 looms large for the cryptocurrency.

This trend is evident in recent market movements, where each minor surge has been met with substantial sell-off, preventing any significant upside momentum. Despite some short-lived spikes, DOT's price has failed to break through the resistance level of $1.10.

The inability to hold onto gains suggests that the bears are firmly in control, casting doubts on the possibility of a near-term recovery. If this trend continues, it is likely that DOT will test its floor at $0.77, potentially leading to further losses.