Polkadot price analysis (Neutral) — 2.71 USDT (-4.24% 24h)

DOT is showing signs of consolidation after a 4.24% pullback over the past 24 hours, currently trading at $2.711. The price sits just below the 20-day SMA ($2.719) and remains under pressure from the 50-day SMA ($2.774), indicating near-term resistance. With RSI at 48.15, momentum appears neutral to slightly bearish, though not yet in oversold territory. Trading volume of $26.3 million suggests moderate participation, while volatility of 4.83% indicates typical crypto market swings. For traders, watch for a decisive break above the 20-day SMA for potential long entries toward $2.85 resistance. A breakdown below $2.65 could signal further downside toward $2.50 support. Consider scaling into positions with tight stops given the current indecision between bulls and bears. The broader market sentiment will likely dictate DOT’s next major move.