Polkadot (DOT) Price Crashes 11%, Loses Critical $2.05 Support Level in Market Downturn

The price of Polkadot (DOT) has experienced a sharp decline, plummeting approximately 11% and decisively breaking below the crucial $2.05 support level. This significant drop occurs amid a widespread selloff across the cryptocurrency market, indicating heightened selling pressure and bearish sentiment. The breach of this key technical level suggests potential for further downside movement, as traders and investors monitor for the next level of support. Market analysts are watching DOT's reaction closely, as such breakdowns often lead to increased volatility. The broader market correction is impacting major assets, with Polkadot among the notable losers in today's trading session.