DOT slides 4.5% as token underperforms wider crypto markets

Polkadot's DOT slips 4.5% as token underperforms wider crypto markets DOT is facing pressure as it tries to retake the $1.76 support/resistance level. What to know: Polkadot's DOT pulled back alongside a broader drop in crypto markets. DOT trading volumes dropped 9% below monthly averages, signaling weak conviction. fell 4.5% to $1.75 over the last 24 hours, underperforming wider crypto markets. Polkadot slips 4.5% as token underperforms wider crypto markets. The broader market gauge, the CoinDesk 20 index, was 2.5% lower at publication time. See all newsletters The decline in DOT occurred on notably thin volume, tracking 9% below 30-day averages and highlighting the absence of institutional participation that typically drives sustained moves, according to CoinDesk Research's technical analysis model. The model showed that DOT exhibited relative weakness against the broader cryptocurrency complex, as capital rotated toward higher-momentum assets. The divergence reflects waning investor appetite for the token despite recent ecosystem developments, with market participants demanding clearer catalysts before re-engaging with size, according to the model. With fundamental drivers absent, technical levels dominated price action as DOT tested key support around current levels, the model said. Technical Analysis: Primary support zone reinforced at $1.76 Range-bound structure intact as market awaits directional catalyst Participation dropped 9% below 30-day moving average during advance Institutional flows remain notably absent from recent trading sessions Sideways consolidation pattern continues within established boundaries Downside risk limited given modest price appreciation and support defense Upside potential constrained by volume concerns and relative weakness Disclaimer : Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You State of the Blockchain 2025 L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know: 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. More For You BNB slips toward $850 as market pullback weighs on token The decline comes as bitcoin sank back to $87,000 in Tuesday trade. What to know: The price of BNB has dropped over 1.5% over the past 24 hours to around $850. The decline comes amid a wider market drawdown, with bitcoin pulling back to the $87,000 level. Traders expect consolidation between $850 and $870, with a potential break above that range leading to a move towards $900.

Preview: ~476 words