Polkadot price analysis (Bullish) — 3.09 USDT (+1.51% 24h)

DOT is showing resilience in today’s session, trading at $3.088 with a modest 1.5% gain over the past 24 hours. The current price sits just above the 20-day SMA ($3.079) and 50-day SMA ($3.066), indicating potential support consolidation. With RSI at 60.53, DOT approaches overbought territory but maintains room for upward momentum before hitting extreme levels. The $3.08-$3.10 zone appears critical – a sustained break above could trigger moves toward $3.15 resistance. Trading volume of $6.46 million suggests adequate participation though not exceptionally strong. Volatility at 3.5% remains manageable for swing positions. Traders should watch for consolidation between $3.05-$3.10 with stops below $3.04. Consider scaling into long positions on pullbacks toward the SMA support cluster, targeting $3.12-$3.15 for partial profits. The technical setup favors cautious optimism but requires confirmation through volume expansion on any breakout attempts.