Polkadot (DOT) is currently priced at $2.14, exhibiting a 24-hour decline of 3.14%. The price has fluctuated between a 24-hour high of $2.21 and a low of $2.14, indicating a daily range of just 0.07%, which suggests low volatility in the short term.

The trading volume over the past 24 hours stands at approximately 110.28 million, contributing to a volume-to-market cap ratio of 3.11%. This relatively low volume suggests weaker market interest and may contribute to the price's recent downtrend, as observed in the moving averages, which are all trending negatively over various time frames.

Technical indicators indicate bearish momentum, with the 1-hour RSI at 25, signaling that DOT is oversold in the very short term. Conversely, the 7-day RSI of 52 suggests neutral momentum, while the 14-day RSI shows a slight bearish inclination, supporting the overall negative price action.

From a longer-term perspective, DOT has seen a notable 30-day price increase of approximately 17.09%, indicating some resilience despite recent declines. However, the 14-day price change of -0.78% suggests that upward momentum may be stalling, and the asset could be facing resistance.

In summary, Polkadot is currently experiencing a short-term downtrend with low trading volume and bearish technical indicators. Given the current price action and the overall market dynamics, a Hold rating is appropriate; investors should monitor for signs of recovery or further declines before making new positions.