Polkadot (DOT) is currently trading at $1.33, reflecting a 24-hour change of -2.12%. The price has oscillated between a 24-hour high of $1.36 and a low of $1.28, indicating a relatively narrow daily range of $0.08, which suggests low volatility in the short term.

The trading volume stands at approximately 114 million DOT, corresponding to 5.15% of its market cap, suggesting moderate investor interest. However, the recent price trends reveal a concerning decline, with the 7-day and 14-day price changes at -14.12% and -29.19%, respectively, indicating significant bearish momentum over the past two weeks.

In terms of technical indicators, the hourly moving averages show mixed signals; the 8 SMA ($1.30) and 13 SMA ($1.31) have positive movements of 2.22% and 1.57%, respectively. Conversely, the longer-term moving averages, like the 55 SMA ($1.34) and 144 SMA ($1.38), are showing declines of -1.05% and -3.39%, which could indicate resistance at these levels.

The 1-hour RSI at 43 and the 7-day RSI at 44 both indicate that DOT is nearing oversold territory, suggesting potential for a price rebound if buying pressure increases. Nevertheless, the overall trend remains negative, with significant price losses over the last month highlighting ongoing selling pressure.

Given the current price action, technical indicators, and the overarching bearish trend, it is advisable to adopt a cautious stance. The price is below key moving averages and the declining momentum suggests a continuation of the downtrend.

Rating: Sell. The lack of significant support and the ongoing downtrend indicate that further declines are likely, making it prudent to exit positions at this time.