DOT’s Wild Ride: 6% Plunge Leaves Bulls in Tears 😭💸

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Behold the Spectacle:

  • DOT, once a proud stallion, stumbled 6% from its lofty perch. 🏇💔
  • Institutional investors, those cunning harpies, unleashed their selling fury. 🦅🔥

Ah, Polkadot‘s DOT, a coin of such promise, yet so fickle! In the span of a mere 24 hours, it danced a macabre waltz, its gains evaporating like a mirage in the desert. CoinDesk’s wise oracles proclaimed a 6% plunge, from $4.15 to $3.91, a tragedy of Shakespearean proportions. 📉✨

The model, a cold and unflinching observer, revealed the truth: institutional liquidation, a torrent of selling volume, and support levels breached like a dam under siege. From August 10 to August 11, the clock struck doom, and DOT’s dreams were dashed upon the rocks of reality. ⏳⚔️

While the crypto market, that fickle mistress, rose with a smug 0.5% grin, Polkadot lay wounded, its 2.6% decline a testament to its misfortune. The Coindesk 20, ever the opportunist, looked on with detached amusement. 🌍😏

The Arcane Whispers of Technical Analysis:

  • A trading range of $0.24, a mere 6% volatility, yet enough to shatter dreams. 🌪️💔
  • Volume surged to 4.96 million in the final hour, a stampede of institutional panic. 🐂🏃‍♂️
  • Resistance at $4.15, a fortress now impregnable, its gates slammed shut. 🏰⚔️
  • Support near $3.90, fragile as a house of cards, teetering on the edge of oblivion. 🃏🌀
  • Lower highs, a symphony of despair, confirming the bearish dirge. 🎻☠️
  • Volume exceeding 300,000 across intervals, a chorus of sellers singing their doom. 🎤🤦‍♂️

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2025-08-11 17:41