The DOT/USDT 1-hour chart clearly shows that Polkadot is currently trading under strong selling pressure. Over the past sessions, the market attempted multiple recoveries, but every bounce was rejected by sellers, pushing the price gradually toward lower levels.
Let’s break down the chart in detail.
🔍 Current Market Overview
Based on the chart:
Current Price: around 1.77 – 1.78 USDT
24h Change: approximately -4.6%
24h High: near 1.95
24h Low: around 1.77
Trading close to the daily low indicates weak buyer confidence and a dominant bearish sentiment.
📉 Price Action Analysis: Clear Downtrend
From a structural perspective:
Price was previously trading above the 2.00 USDT zone
A sharp breakdown occurred
Subsequent recoveries formed lower highs
Price is now sustaining below 1.80
This confirms a well-defined downtrend, where sellers continue to maintain control.
📊 Volume Analysis: Selling Pressure Dominates
Volume behavior supports the bearish outlook:
High volume on red candles during sell-offs
Lower volume on green candles, showing weak buying interest
Indicates distribution and panic selling rather than accumulation
This pattern usually signals further downside unless strong buying volume appears.
🧱 Key Support and Resistance Levels
🔽 Support Zones
Immediate support: 1.75 – 1.72
Strong support area: 1.65 – 1.60
A clean break below 1.75 could open the door for deeper downside.
🔼 Resistance Zones
Near-term resistance: 1.85 – 1.90
Major resistance: 2.00 – 2.05
Until DOT reclaims 2.00 with strong volume, a trend reversal remains unlikely.
🔮 Possible Market Scenarios
🐻 Bearish Continuation (Higher Probability)
Weak consolidation near current levels
Breakdown below 1.75
Next downside targets around 1.65
🔄 Short-Term Relief Bounce
Oversold conditions may trigger a temporary bounce
Potential move toward 1.85 – 1.90
Without volume confirmation, this bounce may be short-lived
🐂 Trend Reversal (Low Probability for Now)
For a confirmed reversal, DOT needs:
Strong reclaim above 2.00
Formation of higher lows
Noticeable increase in buying volume
Currently, these conditions are not present.
🧠 Market Sentiment Insight
DOT/USDT appears to be in a fear-driven phase:
Retail traders are hesitant
Late buyers are exiting at a loss
Smart money may be waiting for deeper levels
During such phases, patience and risk management are crucial.
📝 Final Thoughts
Polkadot (DOT) remains in a bearish structure, and the short-term outlook continues to look weak. Until price breaks key resistance levels with strong volume, selling pressure is likely to dominate. Trading without confirmation in such conditions carries higher risk.
📌 Remember: Trading against the trend often leads to losses rather than profits.
#dot $DOT