Polkadot Price Plunges 8.69% as Bearish Momentum Takes Hold

Polkadot's price has taken a hit, dropping by 8.69% in the last session to trade at $0.757.

The cryptocurrency is currently below its key moving averages, indicating persistent pressure compared to recent short- and medium-term trends.

The market capitalization of Polkadot stands at $1.35 billion, with strong trading volumes reflecting heightened investor activity amid market stress.

Recent 24-hour trading of $54.88 million suggests concentrated selling or risk-off repositioning by market participants.

The bearish momentum is confirmed as DOT holds under critical resistance, with technical indicators pointing to further downside and an expected range of $0.739 to $0.821.