Polkadot price analysis (Bullish) — 3.27 USDT (+4.27% 24h)

DOT is showing encouraging momentum today, climbing 4.27% to $3.269 as buying pressure builds. The cryptocurrency has decisively broken above its 20-day SMA of $3.23, indicating short-term bullish momentum, though it’s trading just below the 50-day SMA of $3.27, which could serve as immediate resistance. The RSI reading of 59.87 suggests DOT is approaching overbought territory but still has room for upward movement before hitting extreme levels. Trading volume of $32.6 million provides solid confirmation of the current move, while volatility remains elevated at 11.43%, typical for mid-cap altcoins. Traders should watch for a sustained break above the $3.27 level, which could trigger further gains toward $3.40. Consider taking partial profits near current levels and setting stop-losses around $3.15 in case of a reversal. The overall structure suggests cautious optimism, but be prepared for potential volatility around these technical levels.