Polkadot just hit a new 52-week low — and the timing is almost funny.
$DOT is at ~$0.71, down ~9% today after tagging $0.68. It's now -20% this week, -38% in a month, and 98.7% below its $55 all-time high. RSI is ~22 — deep oversold.
And yet, just 4 days ago, DOT holders voted 97% in favour of a new consumer-products plan built around a DOT-backed stablecoin, dotUSD.
The vote passed. The price didn't care. dotUSD still mints 1:1 against USDT, so it creates no DOT demand yet — the fundamentals story is real, but the chart is still in freefall.
Support sits at $0.68, then $0.65. Resistance is $0.79, then $0.89. BTC is holding ~$64,600 and Fear & Greed is still at 10.
Spot holders, is DOT a falling knife or a future bargain at $0.71?
Not financial advice. DYOR.
#Polkadot #Crypto #Altcoins
$DOT is at ~$0.71, down ~9% today after tagging $0.68. It's now -20% this week, -38% in a month, and 98.7% below its $55 all-time high. RSI is ~22 — deep oversold.
And yet, just 4 days ago, DOT holders voted 97% in favour of a new consumer-products plan built around a DOT-backed stablecoin, dotUSD.
The vote passed. The price didn't care. dotUSD still mints 1:1 against USDT, so it creates no DOT demand yet — the fundamentals story is real, but the chart is still in freefall.
Support sits at $0.68, then $0.65. Resistance is $0.79, then $0.89. BTC is holding ~$64,600 and Fear & Greed is still at 10.
Spot holders, is DOT a falling knife or a future bargain at $0.71?
Not financial advice. DYOR.
#Polkadot #Crypto #Altcoins