$DOT drops to $1.98 — one of the steepest declines among major protocols in today's correction.
What's Happening:
Price Action: Polkadot falls 7.9% to $1.98, giving back recent gains.
Parachain Activity: Active parachains continue operating despite market turbulence.
JAM Protocol: Development of next-gen JAM protocol progresses — major 2026 catalyst.
Cross-Chain Volume: Interoperability narratives cooling as market focuses on survival.
Why It Matters:
Polkadot's vision of interconnected blockchains remains relevant, but the market is currently pricing immediate utility over future potential. The JAM protocol upgrade promises to rekindle interest, but timing is uncertain. Patience required.
Technical View:
$1.80 is critical support — a break below would signal deeper correction toward $1.50. Resistance at $2.30. The multi-year downtrend requires significant catalyst to reverse. Volume elevated suggests some forced selling.
🎯 Key Levels:
Support: $1.80 | Resistance: $2.30
24h Range: $1.83 - $2.20
💡 "Interoperability doesn't trend on fear days. Polkadot's thesis requires patience — and today tests that patience."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Polkadot #DOT #Interoperability #Web3 #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
