Polkadot Displayed Bearish Engulfing Candlestick; Suggests Further Downtrend

Polkadot has been on a sharp decline over the last week as the broader market extended losses at press time.
Bitcoin nosedived to $28,000 and presented a loss of 7% over the last 24 hours. All major altcoins have followed the same path registering losses on the daily chart.
Polkadot was trading in a descending trendline, although, DOT tried to recover on charts. The recovery can be stalled if buyers don’t return to the market.
The price of the altcoin was trading close to its immediate sup