Polkadot price noted a fresh decline on its one-day chart. The price of the altcoin has moved closer to its crucial support line in the same time frame. Over the last 24 hours, DOT has lost around 4% of its market value, and in the last week, DOT secured a 6% appreciation.

The technical outlook displayed that the bulls were attempting to secure the price action in the market. Although the indicators reflected positive movement, the bulls were not entirely back in the market. Despite the demand for the coin increasing, DOT remained in bearish territory.

Buyers were also struggling to take sellers over entirely. If buyers do not re-enter the market over the next trading session, the altcoin will lose its present support level. In the event that DOT falls below the immediate price floor, the bears could gain control of the market for a considerable number of trading sessions.