DOT Tests Multi-Month Lows as Polkadot Struggles Below All Major Moving Averages
The post DOT Tests Multi-Month Lows as Polkadot Struggles Below All Major Moving Averages appeared on BitcoinEthereumNews.com.
Iris Coleman
Nov 29, 2025 05:22
Polkadot trades at $2.29 after touching yearly lows, with technical indicators signaling continued weakness as DOT remains trapped below key resistance levels.
Quick Take • DOT trading at $2.29 (down 1.0% in 24h) • Trading on technical factors in absence of major catalysts • Price testing 52-week low of $2.26 with weak momentum • Following broader crypto market weakness alongside Bitcoin decline Market Events Driving Polkadot Price Movement No significant news events have emerged in the past 48 hours specifically affecting Polkadot, leaving DOT price action driven primarily by technical factors and broader cryptocurrency market sentiment. The absence of major catalysts has resulted in continued consolidation near multi-month lows as institutional interest remains muted. The lack of ecosystem announcements or partnership developments has left traders focused on technical levels, with DOT price struggling to generate meaningful buying interest above the $2.30 psychological level. Trading volume of $9.9 million on Binance spot reflects subdued market participation, suggesting institutional players are remaining on the sidelines pending clearer directional signals. Broader market weakness in digital assets has weighed on sentiment, with investors showing risk-off behavior that particularly impacts mid-cap altcoins like Polkadot. The correlation with Bitcoin’s recent decline has amplified selling pressure across the ecosystem. DOT Technical Analysis: Bearish Structure Intact Price Action Context Polkadot technical analysis reveals a concerning setup with DOT price trading well below all major moving averages. The current $2.29 level sits 1% below the 7-day SMA at $2.31, while showing significant distance from longer-term averages including the 20-day SMA at $2.60 and 200-day SMA at $3.71. The 24-hour trading range between $2.38 and $2.26 demonstrates limited upside momentum, with the upper bound coinciding with immediate resistance. Volume patterns suggest institutional accumulation has not materialized,…
Filed under: News - @ November 29, 2025 8:23 am