DOT Plunges 3% to $1.83 as Technical Selling Overwhelms Bullish Network News

Source: CryptoNewsNet Original Title: Polkadot’s DOT drops 3% to $1.83 as crypto markets reverse lower Original Link:

Price Action

DOT crashed through critical support Wednesday, tumbling 3% to $1.83 as technical selling overwhelmed bullish network integration news.

DOT broke decisively below the psychological $1.90 floor despite a certain合规平台 announcing direct Polkadot network support.

Distribution Signals

Heavy distribution emerged during the final two trading hours, as the token collapsed from $1.93 to $1.82 and stop-losses cascaded through multiple support zones.

Technical analysis models showed that volume spiked to 9.47 million tokens, or 340% above the 24-hour average—confirming institutional distribution at the $1.95 level.

Technical Outlook

The breakdown established clear bearish momentum with lower highs from the $1.92 peak. The pattern suggests continued selling pressure as key support levels give way to distribution.