Polkadot (DOT) is currently priced at $1.35, reflecting a 24-hour decline of 2.04%. The price has fluctuated between a daily high of $1.38 and a low of $1.34, indicating a relatively narrow trading range of $0.04 and a volume of 80,180,230, which represents 3.57% of its market cap.

The short-term moving averages show a bearish trend, with the 8, 13, and 21 SMA all in negative territory, suggesting downward pressure on the price. However, the 144 SMA indicates a slight bullish trend at +0.82%, which may provide some support around the $1.34 level.

The Relative Strength Index (RSI) metrics show a mixed outlook; the 1-hour RSI at 40 suggests the asset is nearing oversold conditions, while the 7-day RSI at 54 indicates a neutral stance. The 7-day price change of +5.36% indicates recent strength, but the longer-term 14-day change of -10.51% and a significant 30-day decline of -38.53% suggest that the bearish momentum is still prevailing.

Polkadot's all-time high of $54.98 highlights the significant drop from its peak, emphasizing the current market's challenges. The ongoing price action, combined with the bearish moving averages and the declining long-term price changes, suggests that further downside risk remains, especially if the support at $1.34 fails.

Considering the current technical and fundamental indicators, the recommendation for Polkadot (DOT) is a Sell. The prevailing bearish trend, coupled with declining momentum metrics, indicates that potential further losses are likely in the short to medium term, making it prudent to exit positions at this time.