Polkadot (DOT) has struggled to follow the recent recovery seen in Bitcoin (BTC) and the broader altcoin market. Currently, DOT is trading at $5.70, falling short of breaking through the important $6 mark.
While the overall crypto market has bounced back from recent declines, Polkadot hasn’t managed to capitalize on these gains, and investor interest seems to have waned.
Polkadot (DOT) Struggles with Decline and Market Disinterest
Polkadot (DOT) has experienced a notable decline over the past week, with its price dropping more than 7% in the last seven days.
Market interest in DOT seems to have waned, raising concerns about its price performance as it remains below the $6 mark. Despite closing the previous week at a moderate $6.44 amid significant selling pressure, DOT has struggled to maintain this upward trend.
Polkadot (DOT) Price Movement: A Week of Declines and Partial Recovery
On Monday, Polkadot (DOT) experienced a notable decline, falling by 5.28% to close the session at $6.10. The downward pressure continued on Tuesday, pushing the price below the $6 mark.
The bearish trend persisted through Wednesday, with DOT dropping another 2.87% to $5.75. By Thursday, broader market downturns saw DOT slipping further to $5.50. However, a surprising recovery allowed DOT to end Thursday’s session in the green.
Friday brought some relief as DOT gained ground, closing at $5.84. The following day saw a slight increase, with DOT settling at $5.87. Despite this, the overall sentiment remained subdued.
Currently, DOT continues its downward trajectory, trading at $5.72. Over the past 30 days, Polkadot has experienced a nearly 9% decline.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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