Polkadot price analysis (Neutral) — 2.89 USDT (-0.14% 24h)

DOT is showing mixed signals as it trades at $2.891, slightly below its 50-day SMA of $2.90 but holding above the 20-day SMA of $2.885. The 4.6% decline over 24 hours suggests short-term profit-taking, though the RSI at 63.74 indicates there’s still room for upward momentum before hitting overbought territory. Trading volume of $14.2 million remains healthy, supporting current price levels. The key resistance sits at the $2.95-$3.00 zone where previous rejections occurred. For traders, consider accumulating on dips toward the $2.85 support level with stops below $2.80. A decisive break above $3.00 could trigger momentum toward $3.20, while failure to hold $2.85 may see a test of $2.75. Position sizing remains crucial given the 3.75% volatility reading.