Polkadot (DOT) is currently trading at $1.46, reflecting a 24-hour change of -2.35%. The price has fluctuated within a daily range of $1.43 to $1.53, indicating low volatility with a narrow daily range of just 0.1%.

The trading volume stands at approximately 166.26 million, which translates to a volume-to-market cap ratio of 6.84%. This suggests moderate trading activity but may indicate a lack of strong investor interest at the current price level, as evidenced by a significant decline in price over the past 30 days of approximately 34.19%.

From a technical perspective, the hourly moving averages are showing a bearish trend; the 8 SMA is at $1.46 (+0.33%), while longer-term SMAs (55 SMA at $1.51, 144 SMA at $1.56) reflect deeper losses. The 1-hour RSI is at 35, suggesting a near-term oversold condition, while the 7-day RSI of 43 indicates that DOT is also approaching oversold territory in the medium term.

Fundamentally, DOT has seen substantial declines over the past two weeks, with a 14-day price change of -25.13% and a 7-day change of -21.86%. The current price is significantly below its all-time high of $54.98, highlighting a severe long-term downtrend, which could be attributed to broader market conditions and sentiment shifts in the crypto space.

Considering the technical indicators showing bearish momentum and the significant downward price trajectory, along with low RSI readings, the recommendation for Polkadot (DOT) is to Hold. This rating reflects the need for caution due to the ongoing downtrend, but the potential for a rebound if the price stabilizes above key support levels near $1.43 and investor sentiment shifts positively.