Polkadot price analysis (Bullish) — 2.72 USDT (+1.15% 24h)

DOT is showing bullish momentum with a 1.15% gain over the past 24 hours, currently trading at $2.718. The asset has broken above its 20-day SMA of $2.677, though it remains slightly below the 50-day SMA at $2.709, indicating potential resistance ahead. The elevated RSI reading of 70.54 suggests DOT is approaching overbought territory, which could trigger a short-term pullback. Trading volume remains healthy at over $17 million, supporting the current price action. Traders should watch for a decisive break above the $2.71 level for continuation toward $2.75. However, given the stretched RSI, consider taking partial profits near current levels and waiting for a potential dip toward $2.65 for better risk-reward entries. The 4.66% volatility reading indicates typical crypto market conditions, so position sizing remains crucial.