The price of Polkadot (DOT) has fallen below the crucial $4.8 support level, indicating increased bearish pressure and potential further losses. The $3.5 key support zone is now in focus and could provide stability or a potential recovery if bulls step in. Market sentiment is currently bearish, with traders reacting to increased selling pressure and fear of additional losses. The price has also slipped below the 100-day Simple Moving Average (SMA), suggesting strengthening bearish momentum. If DOT fails to reclaim this level, selling pressure may intensify, but a move back above the 100-day SMA could indicate a potential reversal. Technical indicators such as the Relative Strength Index (RSI) also suggest a continued downtrend. There are two primary scenarios emerging: a rebound if buyers step in at the $3.5 support level, or a continued decline if key levels are not reclaimed, potentially pushing the price toward $1.9.



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