Polkadot Breakdown Intensifies: Is DOT Headed for a $1.75 Plunge?

The Polkadot network is under pressure. A technical breakdown has accelerated, threatening to push its native token toward a key psychological level.

Bearish Momentum Builds

Selling pressure hasn't let up. The breakdown pattern suggests a clear path lower for DOT, with bears now eyeing a target that would represent a significant devaluation from recent trading ranges.

The $1.75 Target in Sight

If current support levels fail to hold, analysts point to $1.75 as the next major line in the sand. A drop to that price would mark a steep decline, testing the conviction of even the most ardent DOT supporters—a classic reminder that in crypto, 'long-term vision' often just means 'waiting for the bag to get heavier.'

What Comes Next?

The market's watching for a reversal signal, but none has emerged. Until buying volume returns to overpower the sell-off, the path of least resistance points down. For Polkadot, it's a critical test of network resilience and investor faith.

Polkadot Eyes $1.75 as Wave 2 Formation Faces Uncertainty

Polkadot also displays the signs of possible volatility as traders are on the lookout for the next directional indicators. A recent post by More Crypto Online highlighted that the cryptocurrency might seek to establish a further 2-wave. However, the mood in the market is not confident during critical support tests.

The post pointed out the fact that a decisive drop below the December low WOULD create a further downside force that would have had the potential of pushing DOT to the $1.75 level. Analysts observe that this would be a major test for Polkadot, considering that the market analyzes more sustainability of trends and investor confidence.

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Rebound Needed To Signal Bullish Recovery

The technical indicators point to the current difficulties of DOT. The Relative Strength Index (RSI) is extremely overbought at 24, yet there is no indication of reversal in the Moving Average Convergence Divergence (MACD). Such a mix indicates that the downward trend may persist until DOT can regain the $2.60-2.80 level, which is essential in any bullish restoration.

Momentum appears to be fading rapidly as DOT continues to set lower lows. As analysts observe, the disintegration is orderly and without bloodshed; this implies that there is continued pressure on the cryptocurrency in the NEAR future. 

Investors need to be on their toes and observe important support levels. A MOVE below $1.75 will be regarded as a trigger of additional losses, and rebounding to above $2.60-2.80 would be required to indicate a possible recovery.