Market pressure drags Polkadot lower with traders eyeing $3.80 zone
Polkadot (DOT) continues to face selling pressure after failing to hold above the $4.20 resistance zone, slipping back toward the lower end of its consolidation range. The recent rejection highlights weakening momentum as the token revisits critical support areas.
On the 4-hour chart, DOT is trading at $3.97, marking a sharp pullback from the $4.60 resistance zone tested earlier in September. The breakdown has pushed the price into the highlighted orange support region near $3.80–$3.90, which has historically acted as a cushion for buyers.
According to BITX Technical analysts . “Polkadot has given up recent gains after multiple failed attempts to sustain above $4.20. If sellers maintain control, a retest of the $3.80 level is likely, and a deeper slide toward $3.50 cannot be ruled out,” one strategist explained.
The volume profile also underscores the shift, with sellers dominating over the past sessions. Despite this, Polkadot remains above its summer lows near $3.20, suggesting that the market is still defending broader support.
According to BITX market observers, “The structure shows a defined range between $3.80 support and $4.60 resistance. A decisive breakout on either side will determine the next major directional move for DOT.”
If the $3.80 level holds, traders could see renewed interest with potential rebounds back toward $4.20 and $4.60. However, sustained weakness could open the door to lower targets, testing confidence in mid-term holders.
For now, Polkadot is in a crucial zone where buyers must step in to prevent a deeper correction. With crypto sentiment mixed across the broader market, DOT’s performance will likely depend on whether it can reclaim lost ground quickly or remain under extended pressure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.