Polkadot's DOT token trades at $1.20 as critical support at $1.18 shows signs of breaking. Technical indicators give a 75% probability the token will test the $0.95-$1.05 range within two weeks. Institutional selling is accelerating the downward pressure.
Support level under threat
The $1.18 support level now looks vulnerable after days of sustained selling pressure. DOT's current $1.20 price sits just above this critical threshold where buyers have historically stepped in. Traders are watching hourly charts for confirmation of a break. A move below $1.18 would validate the bearish technical setup. This isn't an isolated moment—the token has drifted lower for three consecutive trading sessions. Many holders are now placing stop-loss orders near $1.17 to protect against further declines. The psychological importance of this round-number level has traders on edge as volatility increases.
Technical forecast timeline
Algorithmic indicators point to a high probability of DOT reaching $0.95-$1.05 within 14 days. The 75% probability figure comes from standard deviation metrics applied to current price action. This potential drop represents a 15-20% move from today's levels. The two-week window matters for short-term traders making leveraged positions. Historical backtests show similar indicator readings precede such moves 75 times out of 100. Volume patterns confirm bearish momentum is building as more sellers enter the market. Technical models expect the descent to accelerate once $1.18 collapses.
Institutional selling pressure
Large-scale institutional selling is now the dominant force driving DOT's decline. Block trades exceeding $500,000 have appeared in the order books multiple times this week. These sales are overwhelming retail buying interest at current levels. The selling is coming from established crypto funds adjusting their portfolios. This institutional move removes a critical support for the token's price stability. Smaller investors are now following the big money out of the position. The pace of institutional selling suggests more downside before any reversal forms.
Traders must monitor the $1.18 level closely over the next 48 hours to confirm whether the predicted slide toward $0.95-$1.05 will begin on schedule.
