Polkadot ($DOT ) is currently trading at $3.16, with a 2.25% decrease in the last 24 hours. The cryptocurrency has shown a 21.69% increase over the past 7 days. DOT's market cap stands at $5.32 billion, with a circulating supply of 1.634 billion tokens ¹ ².
*Key Levels:*
- _Support_: $3.10-$3.125
- _Resistance_: $3.25-$3.441
*Technical Analysis:*
The $DOT
DOTUSDT
Perp
2.081
-7.09%
pair has broken down from a key resistance level at $3.25, indicating a developing downtrend. The Relative Strength Index (RSI) is in oversold territory, suggesting potential for a short-term bounce ³.
*Recent News:*
- Bitget announced support for Polkadot's network migration to Asset Hub
- Bybit added DOT to its On-Chain Earn platform
- Analysts compare DOT's chart formation to ZCash's pre-rally setup ⁴ ²
Keep in mind that cryptocurrency markets are highly volatile, and this analysis should not be considered investment advice.