Polkadot's price has dropped 2% over the past 24 hours, currently trading around $1.83. The cryptocurrency struggles to break the $1.90 resistance level amid a broader altcoin market downturn. Technical indicators suggest continued bearish momentum, with the 50-day EMA trending downward and the RSI remaining below 50. The DOT token has seen a significant decline, losing 74% of its value since reaching a high above $10 in January. A recent issue with an off-chain election tool has also impacted the number of DOT nominators, affecting staking rewards. Analysts caution that if buying interest does not increase, the price could test the $1.70 support level.