Polkadot (DOT) registered a significant decline in recent days and is trading below $4. Bearish sentiment dominated the market, resulting in a substantial drop in the altcoin’s price.
DOT has dropped below the $4 level and is battling to hold its price.
Bullish Start to the Week
Polkadot (DOT) started the week on a bullish note as buyers attempted to push the price above the 20 and 50-day SMAs. DOT registered a significant decline last Friday but, with a marginal recovery over the weekend, settled the previous week at $4.13.
The current week began with a volatile session as buyers and sellers attempted to control Monday’s session. DOT dropped to a day low of $4 and reached a high of $4.22, eventually closing the session at $4. Buyers stepped in on Tuesday, pushing DOT to $4.19, but could not move it above the 20-day SMA.
DOT Registers Significant Decline
Buyers could not maintain their momentum, and DOT faced significant selling pressure on Wednesday, falling to a
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