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Polkadot’s DOT Plunges 6%: Bull Trap or Buying Opportunity?

Polkadot’s DOT Plunges 6%: Bull Trap or Buying Opportunity?

Author:
CoindeskEN
Published:
2025-08-11 13:24:51
13
1

Polkadot's DOT Falls 6% From Intraday High in Bearish Reversal

Polkadot's native token DOT just got rug-pulled by its own chart—tumbling 6% from today's peak in a brutal bearish reversal.

Was this just another 'buy the dip' setup for degens, or early warning signs of deeper trouble in the multi-chain ecosystem? Traders are now watching the $5.20 support level like hawks—break that, and we're back to 2023 prices faster than you can say 'interoperability narrative'.

Funny how these 'Ethereum killers' always end up getting killed by volatility first. Maybe they should focus less on parachains and more on price chains.

|Square

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