In recent trading sessions, Polkadot (DOT) has experienced a noteworthy decline, emphasizing a challenging period for the cryptocurrency amidst a broader market downturn. As of the latest updates, DOT has been trading around the $6.59 mark, struggling to surpass the resistance level at $7. This ongoing weakness in price action aligns with the negative trends observed across major cryptocurrencies, including Bitcoin and Ethereum. DOT/USD 24-hour price chart (source: CoinMarketCap) During the dip, DOT’s market capitalization and 24-hour trading volume dipped by 0.49% and 2.14% to $9,479,632,484 and $211,466,224, respectively. Market Resistance and Support Levels Polkadot’s market behavior has seen the…
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