Polkadot (DOT) is currently priced at $1.83, reflecting a 24-hour decline of 4.57%. The daily trading range has been tight, with a high of $1.94 and a low of $1.82, indicating limited volatility.

The trading volume stands at approximately $184.84 million, representing 6.15% of its market cap. The hourly moving averages show a consistent downtrend, with the 8 SMA at $1.87 and the 55 SMA at $1.91, all reflecting negative percentages indicating bearish momentum.

Short-term momentum is weak, as evidenced by a 1-hour RSI of 16, signaling oversold conditions. The 7-day RSI at 43 suggests a neutral stance, yet the 7-day price change shows a significant decline of nearly 18%, reflecting broader weakness in market sentiment.

From a longer-term perspective, DOT has experienced substantial losses, with a 14-day price change of approximately -20.59% and a steep 30-day price change of -34.24%. The all-time high of $54.98, achieved in November 2021, underscores the drastic decline in value, highlighting the current market challenges faced by Polkadot.

Given the current bearish trend, oversold conditions, and significant price declines over various time frames, the outlook remains cautious. Therefore, the rating for Polkadot (DOT) is a Hold, as investors may want to reassess their positions before considering any new entries or exits in this volatile environment.