Polkadot (DOT) is currently priced at $1.25, reflecting a 24-hour change of -1.61%. The asset is trading within a daily range of $1.23 to $1.29, indicating limited volatility as evidenced by the 24-hour price movement.

Volume stands at approximately 102.99 million DOT, representing a volume-to-market cap ratio of 4.95%. This suggests moderate trading activity relative to its market capitalization, which may indicate cautious market sentiment among traders.

The hourly moving averages reflect a bearish trend, with the 55 SMA at $1.29 showing a decline of 3.02%. Notably, the 1-hour RSI is at 33, indicating oversold conditions, while the 7-day RSI at 47 suggests that DOT may not yet be ready to rebound.

In the short term, DOT has experienced significant downward pressure, with a 7-day price change of -16.38%, a 14-day drop of -33.37%, and a 30-day decline of -39.09%. The overall trend is negative, aligning with broader market conditions affecting cryptocurrencies.

Considering the technical indicators and recent performance, Polkadot is positioned in a bearish trend with signs of weakness persisting across various time frames. The lack of significant buying momentum and the oversold RSI suggest that a rebound may not be imminent.

Given the current market conditions and technical analysis, the recommendation for Polkadot (DOT) is to Hold. This stance allows for monitoring potential stabilization or recovery without incurring further losses amid ongoing market uncertainty.