Polkadot (DOT) is currently trading at $1.49, reflecting a 5.03% decline over the past 24 hours. The price has fluctuated within a narrow range, with a daily high of $1.56 and a low of $1.48, indicating weak price action in the current market environment.

The trading volume stands at approximately 153.4 million, translating to a 6.22% ratio of volume to market cap. The short-term moving averages (8, 13, 21, and 55 SMA) all indicate downward pressure, with the 144 SMA showing a significant decline of 9.03%, suggesting a bearish trend across multiple time frames.

The RSI readings indicate an oversold condition, with the 1-hour RSI at 28 and the 7-day RSI at 39. This bearish momentum is further confirmed by the 7-day, 14-day, and 30-day price changes, which reflect declines of 19.69%, 23.35%, and 31.80%, respectively, signaling a lack of buyer interest in the short to medium term.

Given these technical indicators, the market sentiment around DOT remains negative, and the price action shows limited upward potential in the near term. The lack of bullish momentum, combined with consistently low RSI values and a significant decline from the all-time high of $54.98, suggests that the current selling pressure may continue.

In conclusion, the recommendation for Polkadot (DOT) is to Sell. The persistent downward trend, combined with bearish moving averages and oversold RSI indicators, indicates that the risk of further declines outweighs the potential for short-term gains.