Sentiment: Bearish
DOT continues to face significant selling pressure, declining 0.68% over the past 24 hours to trade at $3.061. The current price sits below both the 20-day SMA ($3.099) and 50-day SMA ($3.100), indicating sustained bearish momentum. However, the RSI reading of 34.89 suggests DOT is approaching oversold territory, which could present a potential buying opportunity for contrarian traders. Volume remains substantial at $22.8 million, showing continued market interest despite the downward trend. The 3.34% volatility indicates moderate price swings, typical for altcoins in current market conditions. For traders, consider accumulating positions near the $3.00 psychological support level with tight stop losses. Resistance awaits around the $3.10 SMA confluence zone. Risk management remains crucial given the broader market uncertainty affecting cross-chain protocols.
Key Metrics
| Price | 3.0610 USDT |
| 24h Change | -0.68% |
| 24h Volume | 22862637.68 |
| RSI(14) | 34.89 |
| SMA20 / SMA50 | 3.10 / 3.10 |
| Daily Volatility | 3.34% |
Polkadot — 1h candles, 7D window (SMA20/SMA50, RSI).
