Polkadot price analysis (Bullish) — 4.04 USDT (+0.45% 24h)

DOT is showing constructive price action, trading at $4.037 with a solid 12.5% 24-hour gain. The current price sitting above both the 20-day SMA ($4.0021) and 50-day SMA ($3.99954) indicates underlying strength and potential bullish momentum building. RSI at 57.98 suggests room for further upside before hitting overbought territory. The elevated volatility reading of 4.14% signals active participation, which is confirmed by strong volume exceeding $25 million. Key resistance sits around the $4.10-$4.15 zone where we saw previous rejections. For traders, consider scaling into long positions on pullbacks toward the $3.95 support level with stops below $3.85. Targets can be set near $4.25 for short-term swings. Monitor Bitcoin’s direction closely as broader market sentiment will heavily influence DOT’s ability to sustain this breakout.