Polkadot (DOT) is currently trading at $1.75, experiencing a 24-hour price decline of 4.73%. The daily price range has been relatively tight, with a high of $1.85 and a low of $1.74, indicating a subdued trading environment.

Trading volume is at 162,529,173 DOT, which represents 5.66% of the market capitalization, suggesting moderate interest from traders. The moving averages show a bearish trend, with the shorter SMAs below the longer ones, indicating potential continued downward pressure on the price.

The 1-hour RSI is at 32, suggesting that DOT is currently in an oversold condition in the short term, while the 7-day RSI at 47 indicates a lack of clear momentum. The 7-day price change of -8.15% and the 14-day change of -17.69% further reinforce the bearish sentiment in the market.

Polkadot's price has decreased by approximately 24.61% over the last 30 days, reflecting ongoing weakness in the asset. The stark contrast between the current price and the all-time high of $54.98 from November 2021 indicates a significant decline, which may influence investor sentiment.

Given the technical indicators suggesting continued bearish momentum, alongside declining price trends, the recommendation is to hold DOT at this time. It is advisable to wait for a clearer reversal signal or bullish confirmation before considering a buying opportunity.