Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.
Polkadot (DOT) was down for a second straight session on Tuesday, as sentiment in cryptocurrency markets remained bearish. DOT/USD dropped to a low of $5.61 earlier in the day, which comes less than 24 hours after trading at a high of $5.82. As a result of the move, polkadot slipped to its weakest point since March 12, when price was trading at $5.47.
In addition to DOT, Avalanche (AVAX) was another notable mover on Tuesday, as the token fell to its own level of support. Following a high of $17.06 to start the week, AVAX/USD sunk to a bottom at $16.53 earlier today. Tuesday’s decline saw bears attempt to take avalanche to a long-term price floor at $16.30, however they were unsuccessful, thus far.
(by Eliman Dambell)
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