Polkadot price analysis (Bullish) — 3.27 USDT (+7.80% 24h)

DOT is showing strong momentum with a 7.8% surge over the past 24 hours, pushing the price to $3.275 as trading volume spikes to $39 million. The current RSI at 52.7 indicates neutral territory with room for further upside before reaching overbought conditions. Notably, DOT has broken above both its 20-day SMA ($3.216) and 50-day SMA ($3.131), suggesting bullish technical positioning. The 11.3% volatility reading reflects healthy market activity without excessive speculation. For traders, consider entering long positions with a stop-loss below $3.15, targeting resistance near $3.40. The volume-backed breakout suggests this isn’t just a temporary pump, but monitor broader market conditions as crypto correlations remain elevated. Partial profit-taking around $3.35 could be prudent given the recent sharp move.