Polkadot's native token DOT is trading at $0.77, pinned below every major moving average as sellers maintain control. The price has been sliding under persistent taker sell pressure on spot exchanges, with the MACD indicator offering no bullish confirmation — it's dead-flat. Analysts expect a retest of the $0.74 support level before any meaningful bounce can materialize.
Selling Pressure Dominates Spot Flow
Taker sell volume has been consistently outpacing buyer aggression on major spot pairs. This means market participants are hitting the bid rather than lifting the offer, a sign that short-term sentiment remains bearish. Without a shift in order flow, any upward move is likely to be sold into.
MACD Flat, No Bullish Signal
The Moving Average Convergence Divergence indicator is currently flatlining, failing to generate a crossover or any directional clue. In technical terms, that's a neutral-to-bearish reading — momentum is absent, and the path of least resistance remains lower. Traders looking for a buy signal will need to see the MACD line curl above the signal line, but that's not happening yet.
Support at $0.74 in Focus
The next major support level sits at $0.74, a zone that has held multiple times in the past. A retest of that area is widely expected before any real bounce can take hold. If $0.74 breaks, the next floor could be significantly lower. For now, the market is watching to see if buyers step in at that level or if the selling pressure pushes DOT further down.
Whether $0.74 holds or breaks will likely set the tone for DOT's next move. No bullish catalyst has emerged, and the technical picture remains bearish until proven otherwise.
