Polkadot's Bearish Trend Continues Amidst Ongoing Network Upgrade

Polkadot's (DOT) price has been under bearish pressure for some time now, with key moving averages acting as resistance on the weekly chart.

The cryptocurrency is currently trading at $1.264, having moved up only 0.56% over the last 7 days. This is well below its recent range and indicates persistent medium- and long-term bearish pressure.

Momentum indicators such as the MACD and ADX confirm ongoing bearish sentiment, with no oscillators signaling an impending reversal.

The weekly RSI remains weak, while the Stochastic RSI is neutral. The CCI indicator also confirms seller control.