Heavy institutional selling pressure triggered a technical breakdown in DOT.
cracked under intense selling pressure Monday, dropping 12% to $2.56 as institutional-sized orders broke critical support levels, according to CoinDesk Research's technical analysis model. The model showed that the token posted extreme volatility, swinging from session highs of $2.
99 to $2.56 lows. Bears dominated price action during early morning hours when massive volume spikes overwhelmed technical defenses. The session's defining moment struck at 03:00 UTC as exceptional selling pressure reached 5.49 million tokens, more than double the 24-hour moving average, according to the model.Critical resistance zone at $2.80-$2.82 represents next upside targetSession high of $2.99 serves as ultimate resistance for bullish continuationParts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toStablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data showed.A late weekend decline in cryptocurrencies sped up in U.S. morning trade Monday, with bitcoin dropping more than 4% to $105,500 and major altcoins like ether and solana falling 6%-10%. Over $1 billion in leveraged trading positions were liquidated across digital assets, reflecting the market's volatility. Despite the downturn, some analysts, including Tom Lee, remain optimistic about Bitcoin's potential to reach $200,000 and ether $7,000 by year-end — both would require about a doubling in price over the next eight weeks.
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