Polkadot (DOT) is currently trading at $1.93, reflecting a 24-hour decline of 1.58%. The daily price range has been relatively tight, oscillating between $1.88 and $1.99, indicating low volatility in the short term.

Trading volume stands at 131,952,516, with a volume-to-market cap ratio of 4.11%, suggesting moderate investor activity. However, the 1-hour RSI is at 33, indicating that DOT is approaching oversold conditions, while the 7-day RSI of 46 suggests continued bearish sentiment over the week.

The hourly moving averages are all aligned closely around $1.95, with slight negative shifts across the board, indicating a bearish short-term trend. Conversely, the 144-hour SMA at $2.04 shows a more significant drop of 5.56%, indicating resistance at higher levels.

From a longer-term perspective, DOT has seen a 7-day price change of -13.22% and a 14-day decline of -7.88%, underscoring ongoing bearish pressure. In contrast, the 30-day price change of +10.56% hints at potential for recovery if current trends reverse.

Considering the current technical indicators, Polkadot is facing downward pressure and lacks strong bullish momentum. With resistance levels above current price and bearish RSI readings, I recommend a Hold rating for DOT at this time, awaiting a clearer signal for a potential rebound or confirmation of further declines.