Polkadot (DOT) Faces Critical Test on Binance as Price Drops 7%

Polkadot's native token DOT has experienced a significant 7.04% price drop, falling to $3.97 and breaching key moving averages. The decline was driven by technical factors, with the 7-day and 20-day SMAs at $4.07 and $4.14 respectively failing to hold, indicating potential for further downside. Trading activity on Binance remained moderate, with $33.3 million in spot volume. The RSI's neutral reading of 48.57 leaves room for movement in either direction, and traders are now closely monitoring the $3.59 support level. This development highlights the volatility in the cryptocurrency market and the importance of technical analysis in navigating price movements. As of August 3, 2025, the market is watching to see if DOT can stabilize or if further declines are imminent.

Polkadot (DOT) Tests Critical Support Amid 7% Price Drop

Polkadot's native token DOT fell 7.04% to $3.97, breaching key moving averages as technical factors drove the decline. The 7-day and 20-day SMAs at $4.07 and $4.14 respectively failed to hold, signaling potential for further downside.

Trading activity remained moderate with $33.3 million in spot volume on Binance. The RSI's neutral 48.57 reading leaves room for movement in either direction, with traders now watching the $3.59 support level.

Absent fundamental catalysts, the price action reflects broader market sentiment rather than project-specific developments. The DOT/USDT pair established a clear intraday range between $4.31 and $3.90, with current prices testing the lower boundary.

SUI Price Drops 8% Amid SEC ETF Delay and Dollar Strength

SUI's price fell sharply to $3.96, marking an 8.15% decline, as the SEC postponed its decision on the Canary SUI ETF. The U.S. Dollar Index's strength further pressured the cryptocurrency market, exacerbating the drop from SUI's recent high of $4.44.

Despite the downturn, institutional interest remains robust. Mill City Ventures added sui tokens to its corporate treasury, underscoring confidence in the Sui blockchain ecosystem. Trading volume surged to $332.7 million on Binance, reflecting heightened volatility.

Technical indicators show a neutral RSI at 57.07, but bearish MACD divergence suggests potential further declines. The SUI network's Total Value Locked reached a record $2.28 billion, highlighting underlying strength amid market turbulence.

Toncoin Tests Critical Support Amid Broad Market Weakness

Toncoin (TON) slid 4.6% to $3.28 as cryptocurrency markets faced widespread pressure. The decline lacked project-specific catalysts, instead reflecting sector-wide risk aversion. Binance spot volumes totaled $29.07 million—moderate activity suggesting cautious positioning.

Technical indicators paint a conflicted picture. The RSI at 57.95 shows neutral momentum, while MACD's 0.0049 histogram hints at underlying bullish divergence. Traders appear to be waiting for clearer signals before committing capital.

PancakeSwap (CAKE) Tests Key Resistance After 28% Surge, BNB Correlation Drives Momentum

PancakeSwap's CAKE token consolidates at $3.00 following a 28% price surge, with technical indicators suggesting potential pullback territory. The rally coincided with BNB's record-breaking climb above $800, underscoring the symbiotic relationship between Binance Smart Chain's native asset and its leading DEX.

RSI readings at 68.27 flash caution after CAKE reached intraday highs of $3.33 before retracing 7.54%. Market dynamics reveal traders taking profits as the token tests ascending channel resistance—a pattern that previously catalyzed the breakout.

Fundamental catalysts include PancakeSwap's newly announced Coinbase One partnership, though the article cuts off before detailing collaboration terms. Price action remains tethered to BNB's performance, with yesterday's 13.47% CAKE spike mirroring BNB's $804 milestone.