Polkadot (DOT) is currently trading at $1.34, reflecting a 24-hour change of -2.65%. The daily range has been tight, fluctuating only between $1.33 and $1.37, indicating low volatility in the short term.

The trading volume stands at approximately 89.63 million, with a volume-to-market cap ratio of 4.03%, suggesting moderate trading activity relative to its market capitalization. Both the 1-hour and 7-day RSI are at 44, indicating that the asset is approaching oversold conditions, but not yet confirming a reversal.

The moving averages reflect a bearish trend, with the shorter-term SMAs (8, 13, 21, and 55) showing negative changes between -1.18% and -1.54%. The 144 SMA, however, indicates a more significant decline of -5.04%, further supporting the bearish momentum in the longer term.

Over the last 7 days, DOT has decreased by 11.50%, and the 14-day and 30-day price changes are even more pronounced, at -26.10% and -35.94%, respectively. This indicates a longer-term downtrend that has yet to show signs of reversal.

Polkadot's all-time high was $54.98, achieved on November 4, 2021, highlighting the current price's significant distance from its historical peak. This considerable drop may indicate a lack of investor confidence or broader market conditions affecting performance.

Based on the technical indicators and recent price action, the recommendation for Polkadot (DOT) is a Sell. The bearish momentum, along with declining RSI levels and significant recent losses, suggests that holding or buying at this time may lead to further losses rather than recovery.