Polkadot price analysis (Bullish) — 4.29 USDT (+1.93% 24h)

DOT is showing resilience in today’s session, trading at $4.289 with a solid 1.93% gain over the past 24 hours. The current price action finds DOT hovering near its 20-day SMA of $4.295, indicating a crucial technical juncture. With RSI at 56.16, the token maintains healthy momentum without entering overbought territory. The 50-day SMA at $4.27 provides additional support, creating a technical floor that has held firm. Trading volume of $28.1 million suggests moderate institutional interest, though not explosive. The 3.09% volatility reading indicates relatively stable conditions compared to typical crypto swings. Traders should watch for a decisive break above the $4.30 resistance level, which could trigger momentum toward $4.50. Consider scaling into positions on dips toward $4.25 support, with stop losses below $4.20. The convergence of moving averages suggests consolidation before the next significant move.