Polkadot (DOT) is currently priced at $2.83, reflecting a 24-hour change of -1.64%. The daily trading range has been tight, with a high of $2.94 and a low of $2.80, indicating limited volatility in the short term.

Volume stands at approximately 194.64 million, representing a volume-to-market cap ratio of 4.22%. The recent price trend shows a significant decline over the past week, with a 7-day price change of -13.40%, suggesting bearish momentum that may continue if selling pressure persists.

Technical indicators reveal that the hourly moving averages are all below the current price, with the 8 SMA at $2.86 and the 13 SMA at $2.87, both reflecting negative trends. The 1-hour RSI of 43 indicates the asset is approaching oversold conditions, while the 7-day RSI of 44 confirms a lack of strong buying interest.

Polkadot's price has experienced declines over the last 14 days (-4.34%) and 30 days (-6.63%), reinforcing the bearish sentiment in the market. Moreover, the price is significantly below its all-time high of $54.98, which suggests a considerable downtrend from its peak value.

Given the current market conditions, including the negative price trends, high selling pressure, and lack of upward momentum, a Sell rating is warranted for Polkadot (DOT). Investors should consider exiting positions or avoiding new investments until a more favorable technical setup emerges.