DOT Sinks 2% After Breaking Key Support

DOT$1.9879 suffered a technical breakdown during Friday's session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research's technical analysis model. The model showed that the token broke support at $2.05 as selling pressure intensified throughout the period. The breakdown accelerated on volume of 10.3 million tokens, confirming the violation of ascending trendline support that anchored the recent bullish structure, according to the model. Multiple tests of the $2.05 level established this zone as key resistance before the collapse undermined technical foundations. Price action revealed a violent rejection from higher levels as DOT forms an ascending channel from $2.01 to $2.09 before encountering massive selling, the model said. Wider crypto markets also fell, with the CoinDesk 20 index lower by 0.6% at publication time. 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. More For You Protocol Research: GoPlus Security What to know: More For You Hedera Tumbles 4% as Altcoins Continue to Suffer Hedera's native token retreated from resistance levels as institutional volume surged during key reversal hour. What to know: Kaynak: www.coindesk.com | Orijinal: https://www.coindesk.com/markets/2025/12/12/dot-sinks-2-after-breaking-key-support Özet Notu (2025-12-12 20:54): DOT Sinks 2% After Breaking Key Support Kaynak: www.coindesk.com