Polkadot price analysis (Bullish) — 2.92 USDT (+0.62% 24h)

DOT is showing modest bullish momentum, trading at $2.923 with a 0.62% gain over the past 24 hours. The current price sits above the 20-day SMA ($2.866) while testing resistance near the 50-day SMA ($2.884), indicating potential for a breakout if buying pressure sustains. RSI at 60 suggests room for upward movement before entering overbought territory. Trading volume of $26.4 million appears healthy but not explosive, while volatility remains moderate at 5.27%. For traders, consider accumulating on dips toward $2.85 support with stops below $2.80. A decisive break above $2.95 could target $3.10 resistance. Monitor broader market sentiment as DOT’s correlation with Bitcoin remains significant. Position sizing should account for typical crypto volatility despite current moderate readings.