Market Overview: Polkadot/Tether (DOTUSDT) on 2025-12-17

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 2:36 pm ET1min read
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Aime RobotAime Summary

- Polkadot/Tether (DOTUSDT) fell below $1.86 support, closing at $1.836 after a sharp 15:00–16:30 ET selloff.

- High volume ($3.1M) and bearish engulfing patterns confirmed strong downward momentum despite RSI nearing oversold levels.

- Bollinger Band contraction before the decline and Fibonacci levels at $1.89-$1.93 highlight key technical thresholds for potential reversals.

- MACD turned bearish while diverging price-volume during recovery suggests caution, with $1.82–1.84 likely next support targets.

Summary
• Price dropped from $1.91 to $1.826, breaking key support levels.
• High volume and turnover during the 15:00–16:30 ET sell-off indicate strong bearish momentum.
• RSI shows oversold conditions, suggesting potential near-term bounce.
• Bollinger Band contraction occurred before the sharp decline, hinting at a possible reversal.
• Key support at $1.86 and resistance at $1.89 identified via Fibonacci and price action.

Market Overview

Polkadot/Tether (DOTUSDT) opened at $1.902 and traded as high as $1.955 before closing at $1.836 at 12:00 ET. The 24-hour low was $1.814. Total volume was 5.05 million units, with $8.89 million in turnover.

Structure & Formations


Price action formed a bearish engulfing pattern during the early morning decline, followed by a long bearish candle at 15:00 ET. The breakdown below the 20-period moving average and a series of lower highs indicate strong bearish control. A key support level appears to have formed near $1.86, with resistance at $1.89 and $1.93 based on Fibonacci retracements and recent highs.

Technical Indicators


MACD turned bearish in the late afternoon, with the signal line crossing below the histogram as price dropped. RSI approached oversold territory, dipping below 30 after the 16:30 ET bar, suggesting potential for a short-term bounce. Bollinger Bands experienced a slight contraction before the sharp selloff, hinting at a possible reversal.

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Volume & Turnover


Turnover surged during the 15:00–16:30 ET window, with over $3.1 million in trading volume as price fell from $1.93 to $1.826. The high volume confirmed the bearish move, but diverging price and lower volume in the subsequent recovery suggest caution.

Volatility & Momentum


Volatility expanded significantly during the selloff, with Bollinger Bands widening after a contraction phase. The RSI and MACD both indicate weakening momentum, with price action likely to test the 1.82–1.84 range for further support.

Polkadot appears to have broken a key support level, and while a bounce from oversold RSI is possible, a continuation of the bearish trend into the next 24 hours cannot be ruled out. Investors should closely monitor the $1.86 level, as a break below that may trigger further declines.