Polkadot price analysis (Bullish) — 4.46 USDT (+5.66% 24h)

DOTUSDT is showing strong bullish momentum with a 5.66% surge over the past 24 hours, currently trading at $4.463. The RSI reading of 82.83 indicates the asset is heavily overbought, suggesting potential for a short-term pullback. Price remains above both the 20-day SMA ($4.325) and 50-day SMA ($4.263), confirming the upward trend strength. The substantial 24-hour volume of over $40 million demonstrates solid market participation in this move. However, traders should exercise caution given the extreme RSI levels and moderate volatility of 3.35%. Consider taking partial profits here and looking for better entry points on any dip toward the $4.30 support level. Risk management is crucial in these overextended conditions.