Polkadot (DOT) is currently priced at $1.93, reflecting a marginal 24-hour change of 0.11%. The daily trading range has been relatively tight, with a high of $1.98 and a low of $1.91, indicating low volatility in the short term.

The trading volume stands at 102,219,028, which represents 3.20% of its market cap, suggesting moderate investor interest. The moving averages show a bearish trend, with the 55 SMA and 144 SMA indicating negative momentum over the longer term, with declines of 0.63% and 3.08%, respectively.

Short-term momentum indicators reveal a neutral position, as evidenced by the 1-hour RSI at 50, indicating neither overbought nor oversold conditions. However, the 7-day RSI at 44 suggests a weakening sentiment, approaching the oversold territory, compounded by a notable 7-day price drop of over 9%.

Despite a positive 30-day price change of approximately 11%, the recent declines indicate that bullish momentum is faltering. Additionally, the significant gap from the all-time high of $54.98 underscores a persistent downtrend and raises concerns about the sustainability of any price recoveries.

Considering these factors, the current technical indicators suggest that DOT may continue to face headwinds in the near term. With bearish moving averages and declining short-term momentum, the recommendation is to Hold until clearer bullish signals emerge or until it can decisively break above resistance levels around $1.99.