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The crypto market just reminded everyone how brutal a sell-off can get — and this time, Polkadot (DOT) took the full hit.

After holding firm for weeks, DOT’s key support at $2.87 has officially collapsed, and the chart looks like a battlefield.


As of November 3, 2025, 8:57 p.m., DOT-USD trades at $2.7513, down -5.96% in 24 hours — a nasty drop that caught even seasoned traders off guard.



A Quick Look at the Numbers

Open: $2.9257
High: $2.9925
Low: $2.7392
24h Volume: 3.36M DOT
USD Volume: $9.52M

The daily chart paints a harsh picture.

DOT opened near $2.93, made a quick attempt to break $3, and then got slammed by an institutional-level sell wave. Once that $2.87 floor gave way, the cascade began — large volume spikes confirmed that whales were unloading, not small traders.


By midnight, the market had fully flipped bearish. Sellers dominated the order books, dragging price toward $2.74 before a weak bounce that failed to gain traction.


What’s Behind the Dump?

This wasn’t your usual retail panic.

Data shows heavy exits from large wallets, likely tied to funds repositioning into safer assets or stronger alt narratives.

Polkadot’s fundamentals remain solid, but momentum hasn’t kept pace with the rest of the market.


For weeks, DOT has been moving sideways in tight consolidation — the perfect setup for a breakout or breakdown. Unfortunately, it chose the latter.

This latest plunge looks like the dam finally broke.

What Traders Should Watch Now

Short-term, volatility will rule. If DOT can’t reclaim $2.87, the next key level sits near $2.70, with deeper risk toward $2.50.

A break below $2.50 could trigger broader fear and accelerate the downtrend.


On the flip side, a strong reclaim above $2.90 with solid volume could trap the bears and flip sentiment.

It’s all about how the next 48 hours close — reclaim or collapse.


Long-term holders shouldn’t panic just yet. Polkadot’s parachain ecosystem remains one of the most innovative architectures in crypto, and fundamental interest hasn’t disappeared.

But for now, charts rule the day — and they’re flashing red.
The Bottom Line
This drop wasn’t random — it was a technical and psychological reset.

In crypto, support levels break fast, and emotions move faster.


Lesson? Even strong projects can look weak when whales hit the sell button.

Stay alert, trade smart, and never underestimate how quickly “just a dip” can become a waterfall.


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