Polkadot has experienced a notable decline in its valuation during Tuesday’s session, sliding down to 2.19 dollars after failing to sustain its upper levels. According to CoinDesk Research’s technical analysis model, this Polkadot price correction was triggered when the asset encountered an insurmountable selling barrier, nullifying the initial rally that attempted to consolidate above 2.40 dollars.
During Monday evening’s session, the asset tried to establish new support but quickly fell back forming a descending pattern of lower highs. The current bearish movement confirms the difficulty buyers face in absorbing supply in critical zones, which has led the token to lose 4.3% from its recent highs, evidencing the fragility of the bullish structure in the short term.
Hard data reveals that the most aggressive rejection occurred specifically at 13:00 UTC on Monday, at which moment trading volume spiked drastically. At that instant, a flow of 3.53 million was recorded, a figure representing a 78% increase over the daily moving average, coinciding exactly with the price’s inability to overcome the technical threshold of 2.27 dollars.
Will buyers manage to regain control amidst current volatility?
The market environment has turned hostile for bulls, as the asset carved out a trading range of 0.21 dollars during the session. This behavior generated 9% intraday volatility, a high figure reflecting the intense struggle between supply and demand at these levels. However, bearish forces managed to gain control, pushing the price from 2.29 dollars down to current lows.
On the other hand, the importance of this movement lies in the validation of resistance zones that have historically halted the asset’s advance. The token’s internal economy shows signs of exhaustion in recovery attempts, as each rebound has been met with systematic selling waves, deteriorating the participation of retail investors who were looking for a sustained breakout above psychological resistance.
From a market perspective, the implications are clear: the failure to hold 2.40 dollars has triggered technical sell orders that accelerate the drop. Subsequent selling waves created clear and defined bearish momentum, suggesting that short-term recovery attempts might face increasingly lower participation from traders who are now acting with caution.
Finally, the immediate scenario for Polkadot suggests continued caution as the price seeks a stable floor. The Polkadot price correction could extend if strong buyers do not appear at lower supports, leaving the market waiting to see if the asset can reverse the pattern of lower highs or if it will continue to yield ground to the prevailing technical pressure in upcoming sessions.
