Polkadot price analysis (Bullish) — 2.30 USDT (+0.57% 24h)

DOT is showing resilience in today’s trading session, currently trading at $2.299 with a solid 0.569 gain over the past 24 hours. The cryptocurrency has managed to hold above its 20-day SMA of $2.271, indicating near-term bullish momentum, though it faces resistance near the 50-day SMA at $2.292. With an RSI reading of 64.22, DOT is approaching overbought territory but still has room for further upside before reaching extreme levels. The 24-hour volume of $15.25 million demonstrates healthy trading activity, while volatility remains moderate at 5.4%. Traders should watch for a decisive break above the $2.292 level, which could trigger further gains toward the $2.35 resistance zone. Consider taking partial profits near current levels and setting stop-losses below $2.25 to protect against any sudden reversals. The current setup suggests cautious optimism, but be prepared for potential consolidation given the proximity to key moving averages.