Polkadot $DOT Price Analysis
Polkadot experienced significant volatility recently. On Friday, DOT plummeted nearly 8%, dropping below the 20-day SMA to settle at $4.56. The downward trend persisted over the weekend, with a 0.22% decline on Saturday and a further drop to an intraday low of $4.35 on Sunday, closing at $4.52. Monday saw continued selling pressure, with a 1.11% decrease to $4.47. However, DOT rebounded on Tuesday, gaining 1.34% to reach $4.50 and closing at $4.53. The upward momentum continued Wednesday, pushing the price to $4.58.
The recovery was short-lived, as DOT lost steam on Thursday, falling over 5% to settle at $4.35. Selling intensified on Friday, with a nearly 7% plunge below the 50-day SMA, hitting an intraday low of $4.01 before closing at $4.05. Over the weekend, DOT found support and recovered slightly to $4.08 by Sunday. Buyers pushed the price up nearly 2% on Monday to $4.15. However, Tuesday brought a minor 0.24% dip, with DOT trading around $4.14. As of the current session, DOT is marginally up, hovering around $4.15.
