Sentiment: Neutral
DOT is showing concerning technical signals as it trades at $3.081, down 3.45% over the past 24 hours. The cryptocurrency has slipped below both its 20-day SMA ($3.118) and 50-day SMA ($3.183), indicating persistent bearish momentum. However, the RSI reading of 30.24 suggests DOT is approaching oversold territory, which could present a potential buying opportunity for contrarian traders. Volume remains substantial at $27.67 million, indicating continued institutional interest despite the price decline. The current volatility of 6.69% reflects typical crypto market conditions. For traders, consider accumulating positions near current levels with tight stop losses below $3.00. A break above the 20-day SMA could signal a reversal, while failure to hold $3.00 support may lead to further declines toward $2.80. Given Polkadot’s strong fundamentals and ecosystem development, this dip could represent value accumulation for medium-term holders.
Key Metrics
| Price | 3.0810 USDT |
| 24h Change | -3.45% |
| 24h Volume | 27672661.81 |
| RSI(14) | 30.24 |
| SMA20 / SMA50 | 3.12 / 3.18 |
| Daily Volatility | 6.69% |
Polkadot — 1h candles, 7D window (SMA20/SMA50, RSI).
