Polkadot's DOT token exhibited significant volatility over consecutive trading sessions, struggling against bearish momentum despite recovery attempts. On July 25, DOT fluctuated between $3.87 and $4.11, marking a 6% range differential, with institutional buying activity emerging at critical support levels ($3.87-$3.93) during high-volume sessions at 03:00 and 14:00 UTC. Resistance solidified at $4.11 amid selling pressure, though a V-shaped recovery from $3.92 suggested potential short-term sentiment improvement.
This followed a July 24 session where DOT plunged 7% to $3.91 before rebounding to $4.08. The volatility occurred against the backdrop of the SEC withdrawing accelerated approval for Bitwise's crypto ETF, which planned significant DOT exposure. Broader market movements mirrored DOT's swings, with the CoinDesk 20 Index dropping 3% on July 25 after a 1.4% gain on July 24. DOT closed both days down 1.9% and 2% respectively, with technical analysis highlighting $3.96-$3.93 as strong support and $4.10-$4.11 as resistance.