Polkadot (DOT) experienced a significant downturn on Tuesday and Wednesday, as it struggled to surpass the $6 mark. This decline was exacerbated by sellers who pushed the price below the critical 200-day Simple Moving Average (SMA), a key technical indicator often used to assess long-term market trends. The failure to maintain levels above the 200-day SMA may indicate potential bearish sentiment among traders. Market participants will be closely monitoring Polkadot's price movements in the coming days to gauge whether this decline represents a temporary setback or a more sustained downward trend.