Polkadot (DOT) is currently priced at $1.85, reflecting a modest 24-hour change of 0.1682%. The daily trading range has been narrow, with a high of $1.89 and a low of $1.84, indicating low volatility in the short term.

The trading volume over the last 24 hours stands at approximately 91.79 million DOT, translating to a volume-to-market cap ratio of 2.99%. This volume suggests moderate trading activity, yet it is not high enough to indicate strong investor interest or momentum.

From a technical perspective, the hourly moving averages indicate a bearish trend, with the 8 SMA at $1.88 showing a decline of 1.39%. Moreover, the RSI metrics reveal a lack of buying pressure; the 1-hour RSI is at 42, while the 7-day RSI sits at 47, both suggesting a potential weakness in the price action.

Fundamentally, DOT has experienced a decline over multiple timeframes, with a 7-day price change of -7.19% and a more significant drop of -10.95% over the past 14 days. This persistent downtrend could signal bearish market sentiment, particularly in light of the overall market conditions.

Given the current price action, technical indicators, and recent performance trends, the outlook for Polkadot appears weak. The combination of declining RSI values, bearish moving averages, and negative price momentum supports a Sell rating at this time, as the asset does not show signs of recovery or upward potential in the near term.