Polkadot is currently trading at $3.02, reflecting a 2.45% decline while falling below its 7-day moving average amid increasing bearish sentiment. Recent technical indicators suggest that bearish momentum is building as there are no significant catalysts influencing the market. As Polkadot’s price continues to decline, the market may react negatively, especially in light of the lack of support from bullish factors. Investors are advised to monitor the situation closely, as the current conditions suggest a potential continuation of this downward trend.
