Polkadot Plunges 11% Breaking Below $2.05 Support Level Amid Broader Selloff
Analysis
Price Impact
HighPolkadot (dot) plunged 11.4% from $2.27 to $2.02, breaking critical $2.05 support. this ranks among the worst single-session losses this year, accompanied by a 280% surge in volume, indicating strong selling pressure and a decisive technical breakdown.
Trustworthiness
HighThe analysis is based on detailed technical data and models from coindesk research and cd analytics, a reputable source in crypto journalism.
Price Direction
BearishThe price action shows a decisive breakdown below a critical support level ($2.05), with subsequent recovery attempts failing at lower highs ($2.09, $2.06). elevated volume validates the bearish momentum, and the next target is the psychological $2.00 support level. the broader market also saw a significant selloff.
Time Effect
ShortThe plunge was sharp and immediate, occurring overnight with a significant volume surge, indicating an immediate and strong market reaction to bearish sentiment and technical breakdown. the immediate downside target is $2.00.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Polkadot Plunges 11% Breaking Below $2.05 Support Level Amid Broader Selloff DOT collapsed to $2.02 as technical breakdown accelerated on massive volume, exposing the psychological $2.00 level. By CD Analytics , Will Canny | Edited by Aoyon Ashraf Dec 1, 2025, 1:37 p.m. Polkadot plunges 11% breaking below $2.05 support level. What to know : DOT plunged from $2.27 to $2.02, breaking critical support. Volume surged 280% above average during the decisive breakdown at midnight. Technical structure turned bearish with resistance capping recovery attempts at $2.09. DOT $ 2.0280 crashed through critical support on Monday, sending the token to $2.02 from $2.27 in a sharp technical breakdown, according to CoinDesk Research's technical analysis model. The 11.4% decline ranks among the worst single-session losses for the ecosystem token this year, the model said. The volume surged to 14.6 million tokens, 280% above the 24-hour average, as sellers overwhelmed buyers. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The model showed that the breakdown gained momentum during overnight trading, as DOT fell through the $2.05 support level at midnight. Recovery attempts failed repeatedly, and buyers couldn't reclaim even modest levels around $2.09 and $2.06, confirming the shift to bearish momentum through relentless selling pressure, according to the model. The selloff exposes the critical $2.00 psychological level as the next major downside target. Wider crypto markets also fell, with the CoinDesk 20 index, lower by 7.5%. Technical Analysis: Primary resistance now sits at $2.27 Secondary resistance caps recovery at $2.09-$2.06 range Critical support target at $2.00 psychological level Exceptional volume surge to 14.56 million during midnight breakdown (280% above average) Sustained elevated volume throughout decline validates bearish momentum Decisive breakdown from consolidation range with gap creation Failed recovery attempts creating lower highs at $2.09, $2.06 Momentum cascade pattern emerges in final trading hour Technical structure turns bearish with resistance capping upside Immediate downside target: $2.00 psychological support level Recovery resistance: $2.09 must be reclaimed for short-term stabilization Current risk/reward favors continued downside until volume stabilizes Disclaimer : Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy . 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