Polkadot ($DOT) Struggles to Maintain $2.00 Support Amid Bearish Pressure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 12h ago- Support Level Testing: Polkadot is currently trading around $2.00, testing a historical demand zone that has been crucial in the past; if it falls below $1.85, it could lead to further declines towards $1.60, increasing downside risk.
- Market Structure Analysis: Since the beginning of 2025, Polkadot has been on a downward trajectory, forming lower highs and lows, with bearish market sentiment prevailing as moving averages slope downward, indicating sustained selling pressure.
- Rebound Potential: If Polkadot can hold above the $1.85-$2.00 support zone and reclaim the $2.30 resistance level, it may trigger a short-term rally pushing prices higher, with the key being a break above $3.00.
- Trading Dynamics: Over the past 24 hours, Polkadot's price has decreased by 6.73%, currently hovering around $2.03, with a trading volume exceeding $242 million, as traders closely monitor its ability to stay above the $1.85-$2.00 support area.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
