Polkadot price analysis (Bullish) — 3.06 USDT (+3.20% 24h)

DOT is showing encouraging momentum against USDT, currently trading at $3.065 with a solid 3.2% gain over the past 24 hours. The price has convincingly broken above both the 20-day SMA ($3.006) and 50-day SMA ($2.975), suggesting underlying strength in the current uptrend. With RSI sitting at 60.36, DOT remains in healthy bullish territory without being overbought, indicating room for further upside. The $3.00 level appears to have transformed from resistance to support, which could serve as a key foundation for continued upward movement. Trading volume of nearly $15 million provides adequate liquidity, though the 3.8% volatility reading suggests traders should expect some price swings. For active positions, consider buying on dips toward $3.00 with stops below $2.95, targeting resistance around $3.20-$3.25. Position sizing should account for the inherent volatility in altcoin markets.