Polkadot (DOT) is currently trading at $2.20, reflecting a 24-hour decline of 5.37%. The price has fluctuated between a high of $2.34 and a low of $2.20 in the last day, indicating low volatility with a daily range of just 0.14%.

Trading volume stands at 155,949,360, which is relatively high with a volume-to-market cap ratio of 4.32%. The hourly moving averages are all trending downward, with the 8 SMA at $2.27 (-2.91%) and the 55 SMA at $2.31 (-4.74%), suggesting bearish momentum in the short-term.

The 1-hour RSI is at 29, indicating that DOT is in oversold territory, while the 7-day RSI is at 48, suggesting a neutral momentum. Over the past week, DOT has declined by 6.19%, and the 14-day and 30-day price changes are also negative at -7.92% and -16.18%, respectively, reflecting a sustained bearish trend.

The all-time high for DOT remains significantly higher at $54.98, achieved in November 2021, which indicates a substantial decline from peak values. Given the current price action, downward pressure, and lack of bullish signals, the market sentiment appears to be leaning towards further bearish movement.

In conclusion, the current analysis suggests a Sell rating for Polkadot (DOT) based on the persistent downtrend, negative price momentum, and lack of recovery signals in both short and long-term indicators. Investors may consider exiting positions or avoiding new entries until clearer signs of a reversal emerge.