Polkadot (DOT) is currently trading at $2.29, reflecting a 24-hour change of -2.14%. The price has fluctuated between a high of $2.34 and a low of $2.19 over the last 24 hours, indicating a relatively tight daily range of 0.15%.

The trading volume stands at approximately 189 million DOT, representing 5.04% of the market cap, suggesting active trading but with limited upward momentum. The short-term moving averages reveal mixed signals, with the 8 SMA and 13 SMA showing slight positive trends, while the 144 SMA reflects a notable decline of -4.04%, indicating potential resistance at higher levels.

In terms of momentum, the 1-hour RSI is at 55, which indicates a neutral position, while the 7-day RSI at 42 suggests that DOT may be nearing oversold conditions. However, both the 7-day and 14-day price changes show significant declines of approximately -16.76% and -24.74%, respectively, highlighting a bearish trend over the medium term.

Polkadot's all-time high remains significantly distant at $54.98, achieved in November 2021, emphasizing the current price's position in a downtrend. Given the recent price action and ongoing bearish momentum, further support levels should be monitored around the $2.19 mark, while resistance remains at $2.34.

Based on the current data and technical indicators, the recommendation is to Hold. This rating is advised due to potential consolidation around current levels, while waiting for confirmation of a trend reversal or clearer bullish signals before considering a Buy position.