DOT is now around 0.81u. It has fallen from its all-time high of 55 to just a small fraction of that, down more than 98%—and then some.

More importantly, this price isn’t that far from its historical low. It only set a new low last month, and now it’s basically hovering around that level. This kind of situation isn’t common, suggesting the market has little to no confidence in it.

Its recent price action has also been steadily down: it dropped nearly 4% over the week, about 10% over the month, and over the past 24 hours it’s also been falling by roughly 3%, with no signs of stabilizing.

The circulating supply is already around 80% of the total. The remaining portion isn’t that large either, but at this stage, supply isn’t the main issue anymore—the bigger problem is that no one wants to step in as the next buyer.

This level is quite awkward: breaking below it means a new low, and even if it holds, you’re only looking at a slower decline—there’s no talk of strong support. If you’re thinking about catching the dip, you need to be very cautious, because the trend hasn’t turned yet. For those looking to short, at this price chasing a short doesn’t offer much upside/downside room anymore; it’s more about watching whether there will be a rebound first to set up the move. Next, it remains to be seen whether it can hold around here—otherwise there’s still a possibility of further downside. #Gate事件合约首发狂欢 $DOT