Polkadot Tests Critical $1.72 Support as Momentum Exhaustion Signals Capitulation Phase
Polkadot’s price action tells a story of relentless selling pressure that has erased over 56% of value in three months, with DOT currently trading at $1.72 – a level that represents both the weekly and monthly lows. The coin shed 25.2% this month alone, accelerating what began as a gradual decline into a full-scale capitulation event. The main question for traders is: can bulls defend this multi-year support zone around $1.65-$1.75, or will the selling cascade continue toward the psychological $1.00 level?