Investment
Features
FeesSafety
Academy
More
Pluang+

Polkadot's DOT price nears $1 amid dotUSD stablecoin launch and bearish chart signals.

Market News
08 Oct 2026
Crypto news
View Source
Bearish
Polkadot's DOT price nears $1 amid dotUSD stablecoin launch and bearish chart signals.

Polkadot's DOT price has dropped close to $1 following the launch of its native stablecoin, dotUSD, initially backed by USDT. Technical charts show bearish signs with key support levels at $1.017 and $0.949, and a rounded top forming on the 4-hour chart indicating potential further declines. The stablecoin rollout is phased, with DOT-backed borrowing planned later. Market momentum favors sellers, suggesting cautious trading ahead as DOT tests critical support zones.

As of Oct 09, 2026 02:04 WIB, Polkadot's DOT is trading at Rp18.594 on Pluang, down 5.60% in the past day. The platform shows a market cap of Rp31,64 trillion and a 24-hour trading volume of Rp3,67 trillion. Despite the recent price drop, Pluang users are predominantly buyers with 75% buy orders, while the typical hold time is 121 days.

More News (DOT)

Polkadot (DOT) jumps 5.21% in one hour to $1.09, reversing earlier losses on Oct. 8

Polkadot (DOT) jumps 5.21% in one hour to $1.09, reversing earlier losses on Oct. 8

Polkadot (DOT) surged 5.21% within an hour to reach $1.09 on October 8, recovering from a previous price of $1.04 on Binance's spot market. Despite this hourly gain, DOT was still down 1.71% over the past 24 hours, indicating the broader daily declin...

Market News
Bullish
6 hours ago
Polkadot (DOT) price drops 5.76% to $1.05 amid $750K long liquidations on Oct 8

Polkadot (DOT) price drops 5.76% to $1.05 amid $750K long liquidations on Oct 8

Polkadot (DOT) experienced a sharp price decline from $1.11 to $1.05 within an hour on October 8, marking a 5.76% drop based on Binance's DOT/USDT market. This decline also reflects a 4.38% decrease compared to the previous day. During the same perio...

Market News
Bearish
10 hours ago
Polkadot (DOT) price drops 9% amid leveraged sell-off despite stablecoin plans.

Polkadot (DOT) price drops 9% amid leveraged sell-off despite stablecoin plans.

Polkadot (DOT) experienced a sharp 9% price decline in one day, falling from around $1.21 to near $1.11. The drop was driven by a rapid sell-off in the futures market, where leveraged positions were liquidated, and funding rates turned negative. This...

Market News
Bearish
1 day ago
Bitcoin drops below $84,000, dragging major altcoins down and wiping $60B off crypto market.

Bitcoin drops below $84,000, dragging major altcoins down and wiping $60B off crypto market.

Bitcoin's price fell sharply below $84,000, dropping over $2,000 in minutes and causing significant losses among major altcoins like MNT, DOT, and UNI. The total crypto market capitalization declined by more than $60 billion within 24 hours, reaching...

Market News
Bearish
1 day ago
Polkadot (DOT) drops 7.82% to $1.13, nearing key support levels amid technical decline

Polkadot (DOT) drops 7.82% to $1.13, nearing key support levels amid technical decline

Polkadot (DOT) fell 7.82% over 24 hours to $1.13 on October 7, trading between $1.10 and $1.25. The token is approaching critical support levels at $1.07 and $1.01, with $1.07 being the key support. DOT remains below its pivot point of $1.16 and shor...

Technical Signals
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App