Coin

<ul class="news-points"> 
 <li>DOT faces resistance at $4.22, showing signs of weakening momentum.</li> 
 <li>Trading volume surges as DOT holds above $4.09, hinting at renewed trust.</li> 
 <li>Negative momentum dominates DOT/USD as indicators signal a potential increase in selling pressure.</li> 
</ul> 
<a href="https://coinedition.com/tag/polkadot-DOT/">Polkadot</a>‘s native cryptocurrency, DOT, gained positive momentum but gradually weakened after encountering a resistance level at the intraday high of $4.22. As a result of the bears’ relentless selling pressure, the price dropped below $4.09, where it found temporary support. 
At press time, DOT was trading at $4.14, down 1.34% from its intraday high. Traders attempting to cash in on the recent price increase may be responsible for the modest decline in activity. 
During the recession, DOT’s market capitalization dropped 1.33% to $5.070 billion, while its 24-hour trading volume increased 9.80% to $103.6 million. This contrast demonstrates that, despite the minor price fall, there is still substantial trading activity and interest in DOT. The uptick in trading volume shows that there may be renewed trust in the crypto after its brief stability around $4.09. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="733" height="619" src="https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2.png" alt="" class="wp-image-336939" srcset="https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2.png 733w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-300x253.png 300w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-207x175.png 207w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-380x321.png 380w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-464x392.png 464w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-83x70.png 83w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-105x89.png 105w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-169x143.png 169w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-527x445.png 527w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-292x247.png 292w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-284x240.png 284w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-195x165.png 195w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-250x211.png 250w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-219x185.png 219w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-96x81.png 96w, https://coinedition.com/wp-content/uploads/2023/09/Dot-1-2-89x75.png 89w" sizes="(max-width: 733px) 100vw, 733px">
 <figcaption class="wp-element-caption">
 DOT/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/polkadot/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
The DOT/USD Tr…
The post <a rel="nofollow" href="https://coinedition.com/dot-dips-below-4-09-amid-bearish-pressure-selling-pressure-rises/">DOT Dips Below $4.09 Amid Bearish Pressure; Selling Pressure Rises</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

DOT Dips Below $4.09 Amid Bearish Pressure; Selling Pressure Rises

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