Polkadot's Price Downtrend: Sellers in Control Until $1 Level is Reclaimed

Polkadot's (DOT) price has been experiencing a decline since its monthly high, with buying volume dropping significantly. This decrease in buying pressure has led to attention being focused on the $1 psychological level as a key level of support. The current downtrend suggests that sellers may remain firmly in control until DOT reclaims the $1.40 mark and breaks above the descending channel.

Historically, Polkadot's price has experienced durable long-term accumulation within the range where $1 is located. A confirmed close below this level would eliminate the demand floor and have a negative impact on new buyer interest, potentially accelerating existing holder exits. The altcoin trading below $1 generates headlines that suppress new buyer interest.