Sentiment: Bullish
DOT is showing strong momentum with a 16.8% surge over the past 24 hours, pushing the price to $3.288 against USDT. This breakout above both the 20-day SMA ($3.188) and 50-day SMA ($2.892) suggests bullish conviction is building. Trading volume exceeding $112 million indicates substantial institutional interest, while the RSI at 55.6 leaves room for further upside before hitting overbought territory. The 7.36% volatility reading confirms this is a high-momentum move rather than speculative noise. Traders should watch for consolidation above $3.20 as confirmation of trend sustainability. Consider entering long positions with stops below $3.10, targeting resistance near $3.50. However, the rapid ascent warrants caution – take partial profits at psychological levels and monitor whether volume support persists during pullbacks. The technical structure favors bulls, but risk management remains crucial in these volatile conditions.
Key Metrics
| Price | 3.2880 USDT |
| 24h Change | 16.80% |
| 24h Volume | 112522290.97 |
| RSI(14) | 55.61 |
| SMA20 / SMA50 | 3.19 / 2.89 |
| Daily Volatility | 7.36% |
Polkadot — 1h candles, 7D window (SMA20/SMA50, RSI).
