Polkadot (DOT) is currently trading at $1.37, reflecting a slight 24-hour increase of 0.82%. The daily trading range has been narrow, fluctuating between a high of $1.39 and a low of $1.33, indicating relatively stable price action over the past day.

The trading volume of 158,667,533 suggests moderate market interest, with a volume-to-market cap ratio of 6.98%. Short-term moving averages show mixed signals: the 8 SMA is slightly down at -0.29%, while the 13 and 21 SMAs are up at +0.72% and +0.86%, respectively, indicating a potential short-term bullish trend.

The 1-hour RSI stands at 64, suggesting the asset is nearing overbought conditions, while the 7-day RSI of 46 indicates the asset is close to being oversold. However, the negative price changes over the 7-day, 14-day, and 30-day periods at -11.64%, -29.11%, and -35.25%, respectively, reflect a longer-term bearish trend.

With the current price significantly below its all-time high of $54.98, Polkadot is experiencing a prolonged downtrend. Despite the short-term recovery signals, the overall market sentiment remains weak, as indicated by the historical price declines.

Given the mixed signals from moving averages and RSI indicators, along with the long-term bearish trend, a cautious approach is warranted. Therefore, the recommendation for Polkadot (DOT) is a Hold, as investors should monitor for clearer bullish signals before considering any buying action.