Polkadot (DOT) is facing intense pressure from bears in the market, causing its price to fluctuate between $6.16 and $7.25 over the past two weeks. Despite efforts to break through the key resistance level of $7, DOT has failed to do so, raising concerns among investors about further declines.

The Ichimoku Cloud and double-top pattern indicate a bearish trend, with the conversion line and baseline above the price, reinforcing the bears' position. The price is also near the lower band of the Bollinger Bands, suggesting a potential oversold condition in the short term.

The short-term forecast indicates that if DOT holds the consolidation zone around $6.20, it may form a base for a northbound movement. However, failing to maintain this level could lead to further declines, potentially testing lower supports around $6.16 or $6.00.

The double-top pattern around the $6.60 level suggests a bearish reversal pattern, indicating that the price will continue to fall after failing to break through the resistance. Social volume and dominance have recently recorded modest spikes, which can precede volatility in price.

Overall, DOT's price struggles to break through the $7 barrier, and its short-term outlook remains uncertain. Investors should exercise caution and conduct thorough research before making any investment decisions.