Polkadot price analysis (Bearish) — 4.13 USDT (-4.02% 24h)

DOT is showing concerning technical weakness as it trades at $4.131, down 4.02% over the past 24 hours. The cryptocurrency has slipped below both its 20-day SMA ($4.168) and 50-day SMA ($4.262), indicating sustained bearish momentum. With RSI sitting at 45.09, DOT remains in neutral territory but leans toward oversold conditions, suggesting potential for either consolidation or further downside. Trading volume of $38.3 million shows moderate participation in the current move. The 3.32% volatility reading indicates relatively stable price action despite the decline. For traders, current levels might present a potential accumulation zone for those with longer time horizons, though strict risk management is advised. Consider waiting for a confirmed break above the 20-day SMA before establishing bullish positions, while a drop below $4.00 could trigger additional selling pressure. The broader market sentiment toward altcoins will likely dictate DOT’s near-term direction.