Polkadot price analysis (Neutral) — 3.02 USDT (-1.88% 24h)

DOT is showing mixed signals as it trades at $3.022, down 1.88% over 24 hours despite healthy trading volume of $28.2 million. The current price sits above the 20-day SMA of $2.975 but below the 50-day SMA of $3.066, indicating potential resistance at higher levels. The RSI reading of 69.7 suggests DOT is approaching overbought territory, though not yet extreme. Volatility remains elevated at 6.85%, typical for mid-cap altcoins. For traders, the key level to watch is the $3.07 resistance – a decisive break above could target $3.20, while failure here might see a retest of $2.95 support. Given the technical setup, consider scaling into positions on dips toward $2.95 with tight stops below $2.90. The volume suggests institutional interest remains, but the overhead resistance presents a near-term challenge for bulls.