Polkadot (DOT) is currently trading at $4.13, reflecting a 24-hour change of -5.20%. The price has experienced a daily range of 0.28%, with a high of $4.40 and a low of $4.12, indicating limited volatility in recent trading.

The trading volume stands at 305,591,757 DOT, representing 4.86% of the market cap, which suggests moderate trading activity. The short-term moving averages show a bearish trend, with the 8 SMA at $4.28, indicating a decline of 3.56%, while the 55 SMA is even lower at $4.41 with a 6.30% drop.

The 1-hour RSI is at 30, signaling oversold conditions and potential for a price rebound, while the 7-day RSI at 51 suggests neutral momentum. Over the last week, DOT has seen a price increase of approximately 1.88%, with a more substantial rise of 10.83% over the last 14 days, indicating some positive momentum despite the current decline.

From a long-term perspective, DOT's price remains significantly below its all-time high of $54.98 reached in November 2021. The 30-day price change of 3.57% indicates that DOT has shown some resilience, but the recent downtrend raises concerns about sustained upward momentum.

Given the oversold condition indicated by the low 1-hour RSI, potential short-term corrections could occur, but the bearish moving averages suggest caution. The current market conditions reflect a mixture of short-term selling pressure and a moderate long-term recovery, which leads to a Hold rating for DOT at this time, as investors should assess further price movements before making significant commitments.