Polkadot Price Tumbles Amid Regulatory Uncertainty

Polkadot's price has been stuck at around $0.78 after dropping nearly 8% in the past week, with regulatory activity once again taking center stage.

The recent developments have put key support levels under scrutiny, raising questions about how regulatory shifts will impact sentiment in the coming days.

Despite a rise in developer activity, Polkadot's price remains pinned to its range lows, with momentum indicators signaling continued downside as the MACD and Bull/Bear Power are negative and RSI nears oversold territory.