Polkadot’s DOT Slips 4% From Highs, Now Testing Support at $3.32 Level

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By CD Analytics, Will Canny|Edited by Benjamin Schiller

Updated Jul 1, 2025, 6:28 p.m. Published Jul 1, 2025, 6:27 p.m.

DOT sells off after failing at resistance.
  • Polkadot dropped 4% from its 24 hour high.
  • Support has now formed at the $3.32 level, with resistance at $3.46.

Polkadot’s DOT showed a clear trading range of 4.4%, with price action characterized by a sharp rally to $3.46 followed by a substantial correction, according to CoinDesk Research’s technical analysis model.

The model showed that support has now formed at the $3.32 level, which is currently being tested.

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The Polkadot ecosystem suffered a notable slowdown in transaction activity in the first quarter of the year, with a 36.9% drop from the previous quarter to 137.1 million transactions.

In recent trading, DOT was 2.4% lower over 24 hours at around $3.31. The broader market gauge, the CoinDesk 20, was 2.4% lower at publication time.

Technical Analysis:

  • The 19:00-20:00 timeframe on June 30 saw the strongest bullish momentum with above-average volume (1.81M), establishing resistance at $3.46.
  • Support formed at $3.32 during the July 1 07:00 hour with high volume (1.34M).
  • The final hours showed renewed selling pressure, with DOT closing near the lower end of its range at $3.33, suggesting bearish sentiment despite a brief recovery attempt during the 14:00 hour.
  • The period was marked by a sharp rally to $3.36 at 15:06, establishing the hour’s high, followed by a steep sell-off that accelerated after 15:36.
  • Notable volume spikes occurred at 15:31-15:32 (267K combined), suggesting institutional selling pressure.

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

Picture of CoinDesk author CD Analytics

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Picture of CoinDesk author Will Canny

 

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