Polkadot (DOT) is currently trading at $1.35, showing a modest 24-hour change of 1.60%. The price has fluctuated within a daily range of $1.32 to $1.40, indicating relatively low volatility with a daily range of 0.08%.

The trading volume stands at 186,021,378 DOT, which corresponds to 8.32% of the market cap, suggesting active participation but a need for increased volume to support upward momentum. The hourly moving averages indicate mixed signals; the 8 SMA shows a slight upward trend of 0.31%, while the longer 144 SMA reflects a significant decline of 6.38%, indicating a bearish longer-term outlook.

Momentum indicators reveal weak conditions, with the 1-hour RSI at 38, suggesting potential oversold conditions in the short term. The 7-day RSI at 46 further supports a lack of bullish momentum, while the 7-day and 14-day price changes indicate a downtrend of approximately -16.87% and -29.58%, respectively.

Polkadot’s all-time high of $54.98 reached in November 2021 highlights the significant retracement the asset has experienced, as it currently trades at approximately 2.5% of that peak value. Given the current technical indicators, the prevailing bearish sentiment, and the substantial price declines over the last month, the outlook for DOT remains cautious.

Considering these factors, the recommendation is to Hold DOT at this time. The current price levels suggest a potential for short-term recovery, but the overall trend remains negative, warranting a wait-and-see approach before making further investment decisions.