Polkadot Price Analysis: DOT/USD bears actively pulling price towards $21.50

TL;DR Breakdown Polkadot price is bearish following a massive sell-off overnightMarket leaders BTC and ETH lost 3.72 and 5.24 percent, respectivelyAs of this writing, Polkadot is trading at $23.98 against the US dollar. Polkadot Price Analysis: General price overview Polkadot price is bearish following a massive sell-off that saw the bears pull the price below the $24 resistance. While it is possible for the bulls to recover and push against the price hurdle, $24 remains a considerable concern due to a building supply zone. However, the pullback comes to the advantage of dip-investors who might have felt side-lined by the rally. Hence they can now buy the cryptocurrency at the current discounted price and exert momentum towards the next bull rally. Over the last 24 hours, the cryptocurrency market has been performing in the red zone, with majority of the cryptocurrencies posting losses.  Market leaders BTC and ETH lost 3.72 and 5.24 percent, respectively. Dogecoin, Solana, Cardano, and Polkadot lost more than 8 percent of their value in the last 24 hours.  Polkadot price movement in the last 24 hours: Polkadot losing momentum According to our Polkadot Price Analysis, DOT/USD has been trading within the $22.50 – $24.71 range of moderate daily volatility. Polkadot’s trading volume is 15 percent less than what we recorded yesterday and sums to $2.9 billion.  Meanwhile, the coin has a total market cap of $23....