Polkadot (DOT) is currently trading at $3.48, showing a 24-hour price change of 3.96%. The price has reached a high of $3.48 and a low of $3.33 within the past day, reflecting a daily range of 0.15%, indicating low volatility in the short term.

The trading volume over the past 24 hours stands at approximately 159.4 million, representing a volume-to-market cap ratio of 3.01%. Hourly moving averages show a bullish trend, with the 8 SMA at $3.44 (+1.15%) and the 55 SMA at $3.39 (+2.57%), signaling upward momentum in the short term.

The 1-hour RSI is at 71, indicating that DOT is nearing overbought conditions, which may suggest a potential price correction. Conversely, the 7-day RSI is at 46, showing a more neutral position, while the 7-day price change of 4.26% indicates some positive momentum compared to the previous week.

In the longer term, DOT has experienced a price decline of 12.76% over the past 30 days, reflecting bearish sentiment during this period. However, the recent 14-day price change of 1.70% hints at a slight recovery trend, although it remains below its all-time high of $54.98.

Considering the current indicators, the combination of a strong hourly RSI and mixed longer-term performance suggests caution. Therefore, a Hold rating is recommended; traders should watch for a breakout above $3.50 or a significant reversal before taking further action.