🪦 Polkadot Is Dead?

A brutal question — but the charts don’t lie.

In recent days, $DOT holders have been staring at a terrifying setup:

A classic descending triangle.

And historically? That spells disaster. 📉

🔍 What’s Happening at $4.18?

After failing to reclaim the $4.20 level, Polkadot is printing:

• Lower highs

• Flat support

This is textbook breakdown territory.

Add in the Dead Cat Bounce effect — a short-lived rebound that traps hopeful bulls — and you’ve got the makings of a painful plunge.

🚨 Bearish Pressure Is Building

🔻 Volume is drying up — buyers are stepping back

😶 No new catalysts — dev silence, no narrative

💸 Funds are fleeing — traders rotating to stronger narratives

📉 Sentiment Check: Bleak

Polkadot was once a darling of the multi-chain future.

Now? It’s losing mindshare, momentum, and market cap.

The harsh truth?

In crypto, innovation isn’t enough — attention is currency. And Polkadot is fading.

❓So… Is Polkadot Dead?

Technically: not yet.

But market psychology says otherwise.

Unless a clear catalyst appears — fast — the downtrend may accelerate.

For now, this could be the beginning of the end for one of Web3’s most ambitious projects.

#Polkadot #Altcoins #CryptoCrash #BearMarket #TechnicalAnalysis