Bridge Exploit Panic Hammers Price Through Macro Support

• • Technically, the price experienced a massive vertical collapse, breaking the crucial support zone floor on the daily and 1-hour charts.
• • Fundamentally on April 13, 2026, extreme panic (FUD) ensued due to the Hyperbridge exploit that minted 1 billion fake DOT tokens on the Ethereum network.

On April 13, 2026, the DeFi ecosystem was shocked by the Hyperbridge contract hack on the Ethereum network, where attackers exploited a cryptographic vulnerability to mint 1 billion fake DOT tokens. Although the native Polkadot Relay Chain was completely uncompromised and actual financial losses were contained to $237,400 due to thin Ethereum liquidity for the asset, the psychological contagion was fatal. This panic forced giant centralized exchanges like Upbit and Bithumb to immediately suspend withdrawals and deposits to prevent systemic risk. Technically on the 1-hour (1H) and daily (1D) charts, the news effect triggered a brutal reflexive sell-off; the price plummeted from the $1.240 equilibrium and instantly tore through its absolute macro support zone wall, dropping to the $1.148 area. This algorithmic selling pressure and retail exodus are projected to force the price to consolidate below the new resistance level ($1.200), seeking a deeper liquidity floor in the $1.100 to $1.150 range over the next 3 days before the panic subsides.

This decline is driven purely by temporary fear sentiment (FUD), not a flaw in the native Polkadot network. Given that Polkadot recently enacted a 2.1 billion token hard cap (halting infinite macro inflation), institutional whales might view this extreme discount as an accumulation opportunity. If a relief bounce successfully reclaims the footing above $1.200, this short-term bearish scenario will be invalidated.