Polkadot price analysis (Bullish) — 2.94 USDT (+0.86% 24h)

DOT is showing resilience around the $2.935 level, posting a solid 0.86% gain over the past 24 hours. The current price sits just above the 20-day SMA at $2.915, indicating near-term bullish momentum, though it remains below the 50-day SMA at $2.989, which could act as resistance. With RSI at 54.2, DOT is in neutral territory with room for upward movement before hitting overbought conditions. The $3 psychological level will be crucial – a decisive break above could trigger momentum toward $3.20. Trading volume of $37 million suggests decent participation, while 5.37% volatility indicates typical crypto market swings. For traders, consider accumulating on dips toward $2.85 support with stops below $2.80. Scale out profits near $3.15-3.20 resistance zones. Monitor broader market sentiment as DOT remains correlated with Bitcoin’s movements.