Polkadot price analysis (Neutral) — 2.90 USDT (-3.87% 24h)

DOT is showing mixed signals as it trades at $2.905, down 3.87% over the past 24 hours. The current price sits above the 20-day SMA of $2.879, indicating some near-term support, but remains below the 50-day SMA of $2.951, suggesting medium-term resistance. With an RSI of 57.23, DOT is approaching overbought territory but still has room before hitting the traditional 70 threshold. The 24-hour trading volume of $29.7 million shows decent participation, while volatility of 6.7% indicates moderate price swings. Traders should watch for a decisive break above the $2.95 level, which could signal momentum toward $3.10. However, failure to hold above $2.88 could see a retest of support around $2.75. Consider scaling into positions with tight stops given the current technical ambiguity.