【Crypto World】DOT’s market performance today is truly nerve-wracking. It initially rose in the early trading session but ultimately couldn’t hold on, closing down 3.3%, making it one of the weaker performers in the market. Want to break through the $2.26 level? It’s not that easy. The price instead plunged sharply, with multiple support levels consecutively broken. Notably, trading volume has significantly increased, which usually indicates institutional investors are offloading.
From a technical perspective, the current signals are quite bearish. The immediate resistance is around $2.19. If it breaks below that, the key support at $2.14-$2.15 will be crucial to hold. This level is very important and currently serves as a relatively stable line of defense.
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AirdropHuntress
· 01-06 19:08
An increase in trading volume indicates selling off; I've seen this trick too many times. Data shows institutions are exiting. Can the 2.14 support line really hold? Historical data suggests that once broken, it often can't be stopped.
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CommunityLurker
· 01-06 19:08
Institutions are starting to offload again. It's clear that this wave of DOT has no hope; if it can't hold above 2.14, it will continue to fall.
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bridgeOops
· 01-06 19:03
Institutions are dumping again? It was quite steady in the morning, but by evening it broke through the support directly. Where's the expected surge?
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SudoRm-RfWallet/
· 01-06 19:03
Institutions are running away, and we're still taking the bait...
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SelfCustodyBro
· 01-06 18:56
Damn, it dropped again. This DOT is really outrageous, and the institutions are all dumping.
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wrekt_but_learning
· 01-06 18:53
It's really surprising that the institutions' selling was so obvious. DOT truly gave a lesson this time.
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Whale_Whisperer
· 01-06 18:43
Institutions are dumping again, and this wave of DOT feels very fierce.
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If 2.14 also breaks, it will be troublesome. It seems like a decline is coming.
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A high open in the early session to lure buyers? I know this trick too well.
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An increase in trading volume indicates someone is selling off; be cautious.
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Currently, it depends on whether we can hold the 2.14 line.
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DOT has been really disappointing these past two days, not interesting.
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With such obvious signals of institutions offloading, who still dares to buy?
DOT intraday rally followed by a pullback, institutional selling signals emerge
【Crypto World】DOT’s market performance today is truly nerve-wracking. It initially rose in the early trading session but ultimately couldn’t hold on, closing down 3.3%, making it one of the weaker performers in the market. Want to break through the $2.26 level? It’s not that easy. The price instead plunged sharply, with multiple support levels consecutively broken. Notably, trading volume has significantly increased, which usually indicates institutional investors are offloading.
From a technical perspective, the current signals are quite bearish. The immediate resistance is around $2.19. If it breaks below that, the key support at $2.14-$2.15 will be crucial to hold. This level is very important and currently serves as a relatively stable line of defense.