Polkadot (POL) is in an extended downtrend, dropping 18.90% over the past week. Despite trading within a broader bullish structure, bearish momentum is high. Key indicators suggest further declines:

- Exchange reserves surged to 57 million, indicating increased sell-off potential
- Active addresses declined to 1,231, reflecting diminished activity
- Average transaction size dropped to $4,908.63, indicating reduced market activity
- Open Interest fell 2.60%, with short traders having an advantage in liquidations

Reversal chances are limited, with current on-chain data undermining the likelihood of a rally.