Polkadot (DOT) is currently priced at $1.91, reflecting a 24-hour decline of 5.37%. The daily trading range has been narrow, with a high of $2.05 and a low of $1.90, indicating limited volatility in the short term.

Trading volume stands at 170,456,985, with a volume-to-market cap ratio of 5.39%, suggesting a relatively active trading environment but not necessarily strong buying interest. The short-term moving averages indicate bearish sentiment, with the 8 SMA at $1.96 and the 13 SMA at $1.98, both showing declines of over 2%, which reflects pressure on the price.

The 1-hour RSI is at 21, indicating significant oversold conditions, while the 7-day RSI at 41 suggests a mild bearish trend but not yet in the oversold territory. Over the last week, DOT has experienced a price drop of 14.16%, while the 14-day change reflects a 12.09% decline, highlighting a consistent downward trend.

In contrast, the 30-day price change shows a positive shift of about 8%, indicating potential resilience in the mid-term. However, the stark difference between short-term and longer-term trends suggests market participants are currently favoring selling over buying.

Given the overall technical indicators and current market conditions, including significant bearish signals from moving averages and RSI readings, a Sell rating is warranted. The lack of upward momentum, combined with the recent declines, suggests that investors may want to exit positions or avoid entering the market at this time.