Polkadot price is locked in a bearish pennant, awaiting a breach below to $31.61.

As the decline enters its next cycle, the price of polkadot remains under pressure.
The DOT price appears to be breaking down from a pennant and heading around $37.03.
Bears will break over $37.03 and open up further room to fall to $31.61 as a result of the breakout.