Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Polkadot's DOT declines in U.S. afternoon se Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Polkadot's DOT declines in U.S. afternoon se

Polkadot's DOT declines in U.S. afternoon selloff

Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Polkadot's DOT declines in U.S. afternoon selloff

The technical breakdown erased earlier gains as DOT plunged through $2.19 support on heavy volume.

By Will Canny, CD Analytics|Edited by Stephen Alpher
Jan 6, 2026, 6:16 p.m.
Make us preferred on Google
Polkadot declines in late session selloff.

What to know:

  • DOT slipped from $2.18 to $2.12 over the past hour, erasing earlier gains.
  • Volume was 17% above the 30-day average during the failed breakout attempt.

DOT$2.1496 surrendered earlier gains in a sharp reversal Tuesday to trade 3.3% lower over the last 24 hours.

The token underperformed wider crypto markets. The Coindesk 20 index was 1.3% lower at publication time.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

DOT volume ran 17% higher than the 30-day moving average, suggesting institutional distribution rather than retail capitulation, according to CoinDesk Research's technical analysis model.

The model showed that the day began with DOT climbing to $2.17 on strengthening participation, tracking closely with the broader cryptocurrency complex.

Resistance at the $2.24-2.26 zone repelled a breakout attempt, setting the stage for the subsequent breakdown, according to the model.

Price deterioration accelerated as DOT carved through multiple support zones in three distinct capitulation waves, the model said.

This breakdown below the critical $2.19 support level fully negated daily gains and exposed portfolio managers to amplified volatility risk.

Technical Analysis:

  • Immediate resistance now established at $2.19
  • Critical support at $2.14-2.15 demand zone
  • 24-hour volume elevated 17% above 30-day moving average
  • Failed breakout at $2.26 confirmed strong resistance zone
  • Steep downtrend with lower highs at $2.203, $2.191, $2.187, and $2.167
  • Technical structure shifted decisively bearish
  • Recovery resistance: $2.19 must reclaim to negate breakdown

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

AI Market InsightsPolkadotTechnical Analysis

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

Commissioned byKuCoin

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report

More For You

Riot Platforms sold $200 million of bitcoin in 2025's last two months

VanEck’s head of digital assets said bitcoin sales and the AI trade are increasingly linked as miners fund infrastructure build-outs.

What to know:

  • Riot Platforms sold 1,818 bitcoin in December and 383 in November, generating approximately $200 million and reducing its BTC balance to 18,005 coins.
  • Matthew Sigel of asset manager VanEck said the sales could fully fund the first phase of Riot’s Corsicana AI data center build.
Read full story
Latest Crypto News

Why crypto’s new token issuances are falling flat and what comes next

Riot Platforms sold $200 million of bitcoin in 2025's last two months

Crypto prices retreat in return to downward U.S. trading day action

Don’t hold your breath for Venezuela’s bitcoin

Former CFTC Commissioner Brian Quintenz joins SUI Group board

Liquidity lifts bitcoin, but ‘halving cycle’ fears could limit rally in 2026, says Schwab

Top Stories

Crypto prices retreat in return to downward U.S. trading day action

This metric suggests bitcoin's late November plunge was the bottom and major upside lies ahead

Morgan Stanley files for bitcoin and solana ETFs, deepening crypto push

Ethereum’s staking queues have cleared and that changes the ETH trade

Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy

Crypto Markets Today: Bitcoin tests key resistance as memecoin trading volume explodes

Market Opportunity
Polkadot Logo
Polkadot Price(DOT)
$2.127
$2.127$2.127
-0.42%
USD
Polkadot (DOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Top Altcoins To Hold Before 2026 For Maximum ROI – One Is Under $1!

Top Altcoins To Hold Before 2026 For Maximum ROI – One Is Under $1!

BlockchainFX presale surges past $7.5M at $0.024 per token with 500x ROI potential, staking rewards, and BLOCK30 bonus still live — top altcoin to hold before 2026.
Share
Blockchainreporter2025/09/18 01:16
XRP News: Ripple’s National Bank Charter: XRP Eyes $10-$15 Surge

XRP News: Ripple’s National Bank Charter: XRP Eyes $10-$15 Surge

The post XRP News: Ripple’s National Bank Charter: XRP Eyes $10-$15 Surge appeared on BitcoinEthereumNews.com. The charter of the national bank of Ripple is near
Share
BitcoinEthereumNews2026/01/08 05:03