Polkadot price analysis (Neutral) — 2.27 USDT (-2.86% 24h)

Polkadot (DOT) is showing signs of consolidation after recent selling pressure, trading at $2.273 with a 2.86% decline over the past 24 hours. The asset is currently testing key technical levels, with its price sitting just below both the 20-day SMA ($2.292) and 50-day SMA ($2.312), indicating potential resistance overhead. The RSI reading of 36.76 places DOT in oversold territory, suggesting the selling momentum may be exhausting itself and a near-term technical bounce could be in play. Trading volume remains healthy at over $13.3 million, providing sufficient liquidity for both entry and exit. For traders, the current levels present a potential accumulation zone for those with a longer-term bullish thesis on Polkadot’s ecosystem. However, a decisive break and close above the $2.31-$2.32 SMA confluence is needed to signal a shift in short-term momentum. Risk management is crucial; consider setting stops below recent swing lows.