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DOT intraday rally followed by a pullback, institutional selling signals emerge
【Crypto World】DOT’s market performance today is truly nerve-wracking. It initially rose in the early trading session but ultimately couldn’t hold on, closing down 3.3%, making it one of the weaker performers in the market. Want to break through the $2.26 level? It’s not that easy. The price instead plunged sharply, with multiple support levels consecutively broken. Notably, trading volume has significantly increased, which usually indicates institutional investors are offloading.
From a technical perspective, the current signals are quite bearish. The immediate resistance is around $2.19. If it breaks below that, the key support at $2.14-$2.15 will be crucial to hold. This level is very important and currently serves as a relatively stable line of defense.