Polkadot (DOT) is currently priced at $1.89, reflecting a slight 24-hour decrease of 1.30%. The daily trading range has been minimal, with a high of $1.93 and a low of $1.89, indicating low volatility in the current market environment.

The volume stands at approximately 75.6 million, with a volume-to-market cap ratio of 2.41%, suggesting moderate trading activity relative to its overall market capitalization. Technical indicators reveal that the hourly moving averages are trending downward, with the 8 SMA at $1.90, the 13 SMA at $1.91, and the 55 SMA at $1.92, indicating bearish sentiment in the short-term.

The 1-hour RSI is at 35, which signals that DOT is nearing oversold conditions, while the 7-day RSI of 47 suggests that the asset is in a neutral zone but leaning towards bearish momentum. Over the past week, DOT has experienced a significant price decline of approximately 11.95%, further exacerbating investor sentiment.

The 14-day price change has also been negative at -10.21%, although the 30-day price change shows a more positive outlook with a gain of 10.48%. Despite the recent downturn, the longer-term trend over the past month indicates some recovery potential.

Polkadot's all-time high remains at $54.98, achieved in November 2021, illustrating the substantial distance the asset has to recover to previous peaks. Current price action suggests a lack of immediate upward momentum, with key resistance levels at the moving averages yet to be broken.

In summary, Polkadot is currently facing bearish pressures in the short term with technical indicators pointing to a lack of buying interest. Given the recent price decline and the bearish moving average trends, a Hold rating is advised, with close monitoring for potential reversal signals before considering a Buy.