Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Polkadot's DOT drops 3% to $1.83 as crypto m
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Polkadot's DOT drops 3% to $1.83 as crypto m
Polkadot's DOT drops 3% to $1.83 as crypto markets reverse lower
Polkadot's DOT drops 3% to $1.83 as crypto markets reverse lower
Strong selling pressure overwhelmed positive Coinbase integration news as the psychological $1.90 level failed to hold.
By CD Analytics, Will Canny|Edited by Stephen Alpher
Dec 17, 2025, 5:28 p.m.
DOT drops 3% to $1.83 as crypto markets reverse lower
What to know:
- DOT declined from $1.91 to $1.84 over 24 hours, breaking key support levels
- Volume was 340% above average during the final breakdown.
DOT$1.8255 crashed through critical support Wednesday, tumbling 3% to $1.83 as technical selling overwhelmed bullish USDC integration news.
DOT broke decisively below the psychological $1.90 floor despite Coinbase (COIN) announcing direct Polkadot network support.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
Heavy distribution emerged during the final two trading hours, according to CoinDesk Research's technical analysis model, as the token collapsed from $1.93 to $1.82 and stop-losses cascaded through multiple support zones.
The model showed that volume spiked to 9.47 million tokens, or 340% above the 24-hour average.
This surge confirmed institutional distribution at the $1.95 level, the model said.
The breakdown established clear bearish momentum with lower highs from the $1.92 peak, according to the model.
Wider crypto markets also fell. The CoinDesk 20 index was 2% lower at publication time.
Technical Analysis:
- Primary support established at $1.82 demand zone after $1.90 psychological level failed
- Resistance now sits at broken $1.90 level, with secondary barrier at $1.95 rejection point
- Breakdown volume at 340% of 24-hour average confirmed institutional distribution
- Descending channel formed from $1.92 high through $1.90 support break
- Lower highs structure established bearish intermediate-term bias
- Failed breakout above $1.95 created double-top formation risk
- Immediate resistance at $1.90 must hold as support on any recovery attempt
- Downside risk extends toward $1.75-1.80 zone if current support fails
- Recovery above $1.95 needed to negate bearish technical structure and resume uptrend
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.
AI Market InsightsPolkadotTechnical Analysis
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
BNB drops nearly 3% to as bitcoin whipsaw and tech selloff hit crypto market
The decline was accompanied by sharp volatility in bitcoin and weakness in U.S. tech stocks, suggesting a return of risk-off sentiment.
What to know:
- BNB fell nearly 3% to around $844 over the past 24 hours, breaking below the $855-$857 support area and experiencing heavy selling pressure.
- The decline was accompanied by sharp volatility in bitcoin and weakness in U.S. tech stocks.
- To avoid a deeper decline towards $830, BNB needs to hold above $840, while a recovery above $855 would be needed to stabilize the trend and reopen a path towards $870.
Read full story
Latest Crypto News
BNB drops nearly 3% to as bitcoin whipsaw and tech selloff hit crypto market
Dogecoin and shiba inu test lower levels after key support gives way
Crypto Long & Short: What the DOJ’s Massive Crypto Seizures Mean for the Industry
XRP falls 5% as bitcoin’s sudden pump and dump rattles crypto markets
Crypto stocks pare gains as bitcoin retreats from $90,000 rally
Crypto industry insiders meet with key senators on market structure bill negotiation
Top Stories
Bitcoin tumbles back below $88,000 as gains evaporate as quickly as they formed
Crypto industry insiders meet with key senators on market structure bill negotiation
Crypto stocks pare gains as bitcoin retreats from $90,000 rally
Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization
Memecoin boom turns into capitulation one year after $150 billion market peak
Don't call it QE — the Fed's $40 billion bill buys may not shake crypto out of slump
Market Opportunity
Polkadot Price(DOT)
$1.846
$1.846$1.846
USD
Polkadot (DOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32
Ethereum Name Service price prediction 2025-2031: Is ENS a good investment?
Key takeaways: The Ethereum Name Service is a network that enables crypto enthusiasts to rename their cryptocurrency addresses into something simpler, making them easier to remember. Renaming crypto addresses through ENS will enable users to recollect and write them quickly. Even though Ethereum Name Service is based on the Ethereum blockchain, it uses its cryptocurrency, […]
Share
Cryptopolitan2025/09/18 01:38
Why IPO Genie ($IPO) Is Being Called a Top Crypto Presale by Analysts
IPO Genie ($IPO) is being called a top crypto presale by analysts, offering AI-driven market insights, robust tokenomics, and data-backed investor growth.
Share
Blockchainreporter2025/12/18 22:00