fell 4.5% to $1.75 over the past 24 hours, underperforming broader crypto markets.
The broader market gauge, the CoinDesk 20 Index, was 2.5% lower at press time.
DOT’s decline occurred on particularly low volume, sitting 9% below 30-day averages and highlighting the lack of institutional participation that typically leads to sustained moves, according to CoinDesk Research’s technical analysis model.
The model showed that DOT exhibited relative weakness compared to the broader cryptocurrency complex, as capital shifted to higher-momentum assets.
The divergence reflects diminishing investor appetite for the token despite recent ecosystem developments, with market participants demanding clearer catalysts before re-engaging with size, according to the model.
In the absence of fundamental factors, technical levels dominated price action as DOT tested key support around current levels, according to the model.
Technical analysis:
- Primary support zone strengthened at $1.76
- Range-bound structure intact as market awaits directional catalyst
- Participation fell 9% below the 30-day moving average during the advance
- Institutional flows remain notably absent from the last trading sessions
- Lateral consolidation pattern continues within established limits
- Limited downside risk given modest price appreciation and supportive defense
- Upside potential limited by volume concerns and relative weakness
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
