Polkadot's price is experiencing significant pressure, causing it to struggle to break through the $7 resistance level. Over the past two weeks, the price has fluctuated between $7.25 and $6.16. Currently, the price has dropped to around $6.2, causing investors to worry about potential further drops. The price is below the Ichimoku Cloud, indicating a bearish trend, and the conversion and baseline are above the market price, solidifying the bearish hold.

Although the price is below the short and long-term averages, it is hovering near the lower band area according to the Bollinger Bands. This could indicate a short-term oversold condition, leading to a temporary price rebound. The $6.20 support level is critical, and if maintained, could lead to a price increase, especially if it surpasses the minor resistance at $6.30. However, if the bearish sentiment continues, the price could drop to $6.16 or $6.00.

A double-top pattern is visible around $6.60, indicating a bearish reversal and potential continued decline. Despite this, DOT's social volume and dominance have increased moderately, which could lead to price volatility. Polkadot's price is facing significant resistance at $7, and the bearish indicators suggest further downward movement. However, investor attention could drive near-term volatility, leaving Polkadot's price dynamics uncertain.

The current price dynamics of Polkadot are precarious, with the price struggling to break through the $7 barrier. While there are indications of short-term oversold conditions, the bearish trend is likely to continue. Investor attention and social dominance could impact the price, but the resistance level and bearish indicators suggest a downward movement.

Polkadot's price movement is critical, with the $6.20 support level being a crucial indicator of potential price movement. If the price maintains this level, it could lead to an increase, but if it drops, it could test lower supports. The double-top pattern and bearish indicators suggest a continued decline, but investor attention could impact the price dynamics. Overall, Polkadot's price is uncertain and could move in either direction.