Polkadot Stalls at $1.19 Resistance Amidst Aggressive Selling

Polkadot is trading at $1.16 after a modest 2.12% daily increase, but its momentum has flatlined according to Timothy Morano. The MACD histogram has printed zero, indicating that the bull engine has stopped at precisely the wrong place: just below the $1.19 immediate resistance level.

The Bollinger Band picture also reinforces this hesitation, with DOT sitting at roughly 0.69 on the %B scale and the Stochastic flashing a quiet caution signal. The pivot sits at $1.14, which price is holding above, but the daily range capped out at $1.18 against that immediate resistance.

The market microstructure is another concern for bulls, with top traders positioned 69.1% long and retail also stacked long, but the taker buy/sell ratio shows aggressive selling into the recovery. Open interest dropped 1.22% over 24 hours even as price edged higher, indicating long liquidation or quiet exit.