Polkadot’s DOT token extended its decline, trading near $1.51 with falling volume. The daily chart shows a clear bearish trend. Asset manager 21Shares announced its TDOT ETF is set to list on Nasdaq, potentially attracting institutional interest to the network.
Polkadot (DOT) faces downward pressure, extending its recent losses. The token dropped nearly 1.24% in 24 hours and posted a 3.99% weekly loss as of March 6, 2026.
At writing, DOT trades around $1.51 according to CoinMarketCap. Its 24-hour trading volume fell 16.07% to approximately $152.9 million, signaling reduced short-term interest.
The daily chart shows a bearish structure with lower highs and lower lows. Price remains below a descending trendline, indicating strong selling pressure.
Immediate resistance sits near $1.67, while the closest demand zone appears around $1.20–$1.30 support. Major price support levels include $1.30, $1.10, $1.00, and $0.70.
Price targets for a bullish reversal are $2.34, $3.09, $3.88, and $5.53, according to crypto analyst Efloud. The long-term bearish trend would only change after breaking these levels.
Asset manager 21Shares has announced its Polkadot ETF, ticker TDOT, is expected to list on Nasdaq. This will be the first U.S. ETF offering regulated access to Polkadot without holding the cryptocurrency.
The ETF listing has the potential to bring institutional money into the asset. This could influence DOT’s price movements alongside network adoption and broader market sentiment.
