Polkadot Tumbles 7.75% as Regulatory Speculation Takes Hold

Polkadot's price fell 7.75% to $0.881, with increased trading volume due to speculation about US Senate regulatory action and expectations of a more accommodative Federal Reserve stance.

According to TradingView, the price remains below its key moving averages, indicating continued selling interest and elevated volatility. The Ichimoku Kijun level at $0.954 stands as immediate resistance, while momentum metrics signal a sell bias.

The analysis notes that regulatory clarity and macro policy remain central drivers for Polkadot activity, but price is under persistent selling pressure. A 65% probability of further downside is predicted, with a move higher having a 35% probability.