Polkadot (DOT) has dropped by almost 11% during the past week. Bearish sentiment continues to weigh down on the asset, and DOT is increasingly under greater scrutiny as investors assess their options.
Despite DOT’s price declining considerably since March, on-chain metrics are positive, with daily active users registering an increase and on-chain volume at record levels. One analyst has even predicted a 2x surge should DOT break out of its current falling trend.
Polkadot (DOT) Price Plummets
Polkadot (DOT) has continued to drop, spending the entire week in the red and losing a key support level. After falling to $5.72 on Sunday, DOT attempted to move above $6 on Monday, rising to a day high of $5.88. However, momentum stalled, allowing sellers to retake control. As a result, DOT fell back by 1.05% and settled at $5.66. The price continued to decline on Tuesday, falling by 2.30%, and then slipped below $5.50 on Wednesday to end the day at $5.39. Selling pressure intensifi
We współpracy z: https://cryptodaily.co.uk/2024/08/polkadot-price-analysis-can-dot-stem-its-prolonged-decline
