Polkadot's DOT declines in U.S. afternoon selloff

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Polkadot's DOT declines in U.S. afternoon selloff The technical breakdown erased earlier gains as DOT plunged through $2.19 support on heavy volume. By Will Canny , CD Analytics | Edited by Stephen Alpher Jan 6, 2026, 6:16 p.m. Make us preferred on Google Polkadot declines in late session selloff. What to know : DOT slipped from $2.18 to $2.12 over the past hour, erasing earlier gains. Volume was 17% above the 30-day average during the failed breakout attempt. DOT $ 2.1509 surrendered earlier gains in a sharp reversal Tuesday to trade 3.3% lower over the last 24 hours. The token underperformed wider crypto markets. The Coindesk 20 index was 1.3% lower at publication time. 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 . DOT volume ran 17% higher than the 30-day moving average, suggesting institutional distribution rather than retail capitulation, according to CoinDesk Research's technical analysis model. The model showed that the day began with DOT climbing to $2.17 on strengthening participation, tracking closely with the broader cryptocurrency complex. Resistance at the $2.24-2.26 zone repelled a breakout attempt, setting the stage for the subsequent breakdown, according to the model. Price deterioration accelerated as DOT carved through multiple support zones in three distinct capitulation waves, the model said. This breakdown below the critical $2.19 support level fully negated daily gains and exposed portfolio managers to amplified volatility risk. Technical Analysis: Immediate resistance now established at $2.19 Critical support at $2.14-2.15 demand zone 24-hour volume elevated 17% above 30-day moving average Failed breakout at $2.26 confirmed strong resistance zone Steep downtrend with lower highs at $2.203, $2.191, $2.187, and $2.167 Technical structure shifted decisively bearish Recovery resistance: $2.19 must reclaim to negate breakdown 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 . AI Market Insights Polkadot Technical Analysis More For You KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market By CoinDesk Research Dec 22, 2025 Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. What to know : KuCoin recorded over $1.25 trillion in total trading volume in 2025 , equivalent to an average of roughly $114 billion per month , marking its strongest year on record. This performance translated into an all-time high share of centralised exchange volume , as KuCoin’s activity expanded faster than aggregate CEX volumes , which slowed during periods of lower market volatility. Spot and derivatives volumes were evenly split , each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line. Altcoins accounted for the majority of trading activity , reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover. Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity , indicating structurally higher user engagement rather than short-lived volume spikes. 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