Polkadot Price Analysis: DOT price struggles at $25 support level, more downside to follow?

TL;DR Breakdown Polkadot price analysis for today is bearish.Currently, the price is struggling at $25, a support level.If support fails to hold, another support is present at $23. Polkadot has been one of the best performing altcoins in the past few weeks as Bitcoin jumped from $29k to $50k. DOT’s exceptional performance is matched by other currencies like Solana, Cardano, and Luna. For today, DOT price analysis predicts a bearish movement as it retraces some of the gains in the past weeks. Polkadot’s price moved from $27 to $25 overnight as the support wasn’t rejected and the price movement is above it. For now, it is seen that the support is still holding but the price of Bitcoin has dropped below the support at $48k and if Bitcoin fails to claim it, a further downside can be expected from DOT. For now, it can be seen that the support holds but in case it fails, the next support is at $23 while resistance currently rests at the $28 price level. Cryptocurrency heat map. Source: Coin360 It can be seen that DOT has seen a bearish trend since yesterday as the price movement was unable to pull through the $28 price level. Along with DOT, other cryptocurrencies have also seen a bearish trend, including RUNE losing 10 percent and Solana losing 8 percent. Also, the bulls lacked the momentum to push through the the resistance for Bitcoin $50.5k. Technical indicators bearish on 4-hour chart: Polkadot price an...