Polkadot (DOT) has experienced a notable decline in the current trading session, slipping below both the 20-day and 50-day Simple Moving Averages (SMAs). The cryptocurrency has depreciated by over 3% in the past 24 hours, with its price currently hovering around $4.21. This downturn highlights ongoing volatility in the market, reflecting broader trends affecting digital assets. Investors and market participants should closely monitor these technical indicators and market conditions to better understand potential future movements in DOT's price.