Polkadot price analysis (Bearish) — 2.69 USDT (-0.74% 24h)

DOT is showing clear technical weakness after a 0.74% decline to $2.689, with trading volume remaining elevated at $16.9 million. The RSI reading of 32.77 indicates the asset is approaching oversold territory, though it hasn’t yet reached extreme levels. Currently trading below both the 20-day SMA ($2.736) and 50-day SMA ($2.740), DOT faces significant resistance overhead. The 4.8% volatility suggests continued price swings are likely. For traders, this presents a potential accumulation opportunity near support levels, but caution is warranted given the bearish momentum. Consider scaling into positions with tight stop-losses below $2.65, targeting a rebound toward the $2.75 resistance zone. Risk management remains crucial as the broader market sentiment continues to weigh on altcoin performance.