Key Highlights:

• Polkadot experienced a 4% decline from its highest value within 24 hours.
• Current support is seen at the $3.32 mark, while resistance is at $3.46.

Polkadot’s DOT demonstrated a trading bandwidth of 4.4%, moving up to $3.46 before a significant downturn, per the technical evaluation by CoinDesk Research.

The analysis indicated support standing strong at the $3.32 level, which is under examination at present. Recent figures also show that Polkadot has experienced a dramatic drop in transaction volume, with a 36.9% decrease observed in the initial quarter of the year, tallying 137.1 million transactions.

Technical Assessment:

• The strongest bullish momentum registered between 7:00-8:00 PM on June 30, establishing resistance at $3.46 with notable volume (1.81M).
• Support was affirmed at $3.32 during the early hours on July 1, accompanied by substantial activity (1.34M).
• The latter trading hours revealed selling pressure and a closing near $3.33, indicating a bearish sentiment despite a minor recovery attempt around 2 PM.