DOT Slumps 4% as Support at $3.80 Level Fails

Polkadot's DOT slipped 4% in the last 24 hours, dropping to $3.75 dragged down b a decline in the broader crypto market.The token's trading range was $0.15, marking a 4% volatility spike, according to CoinDesk Research's technical analysis model.Resistance held firm at $3.90, while DOT fell through the $3.80 support level. Technical structure has deteriorated rapidly with a number of recovery attempts failing, according to the model. The wider crypto market also fell, with the broader market gauge, the Coindesk 20, losing 2.7%.In recent trading Polkadot was 3.6% lower over 24 hours, trading around $3.75.Technical Analysis:Resistance at $3.90 holds through multiple tests.Support breakdown at $3.80 triggers 2.21 million volume spike.Trading range of $0.15 represents 4% volatility between $3.90 and $3.75.Volume…