The activity of Polkadot developers initially increased by 36.26% from 13.10 to 17.85 in the period from February 13 to March 1. However, by March 7, this figure had fallen from 17.14 to 15.29.

The DOT price traditionally correlates with the activity of developers, so a sharp decrease in activity can affect the asset rate.

The DOT Relative Strength Index (RSI) recently exceeded 74.7, which may indicate overbought and possible price correction.

The last time the RSI exceeded 74, the DOT price rose from $6.12 to $9.07, and then decreased by 26% to $6.71 in 7 days.

Technical indicators confirm the bearish trend. Crossing the 9-hour EMA from the bottom up through the 26-hour EMA may signal a further decline in the price.

The nearest support level for Polkadot is around $10. A breakdown of this level may lead to a further price decrease to $8.50. On the other hand, the high of $11.21 is a resistance level. Overcoming this level can change the bearish trend and create prerequisites for price growth.