Polkadot Price Analysis: DOT breaks below support at $25, lower prices to follow?

TL;DR Breakdown Polkadot price analysis has attained a bearish outcome for today.The support at $25 didn’t hold as the current price rests at $24.63.We can expect prices to go lower as the nearest support lies at $24.5 Polkadot currently holds the 10th position in the market as it has become quite an attractive cryptocurrency for investors. The 24-hour trading volume for Polkadot has dropped by about 9.63 percent as the prices are also going down. The biggest losers today are Tezos (XTZ), Paris Saint-German Fan Token (PSG), along Pancakeswap (CAKE). From the Polkadot price analysis done today, it is very clear that the movement of the price has fallen below $25 mark, and now, the nearest support level lies at $24.5. Also, Bitcoin’s price has dropped today as well. The king of cryptocurrencies wasn’t able to break the $49k mark and, as a result, fell to nearest support at $48k. But, we saw that BTC/USD broke that support as well, falling to $47.7k. Technical indicators on 4-hour chart: Polkadot price analysis show bearish signals Considering the technical indicators on the 4-hour chart, we can make a prediction for the price movement of DOT/USDT in today’s market. It was seen on 21st August that DOT/USDT pair was unable to break the resistance at $29, and as a result, we are witnessing the current values at $24.63. If the trend continues, we might see Polkadot drop down to support levels at $24.5. Pol...