Polkadot price analysis (Bullish) — 3.00 USDT (+3.67% 24h)

DOT is showing encouraging momentum against USDT, currently trading at $2.998 with a solid 3.67% gain over the past 24 hours. The price action has pushed above both the 20-day SMA ($2.96) and 50-day SMA ($2.92), indicating strengthening bullish momentum. Volume of $11.4 million suggests decent participation in this move, though not explosive. The RSI reading of 62.65 sits in bullish territory but hasn’t yet reached overbought levels, leaving room for further upside. Volatility at 3.82% is moderate for crypto standards. Traders should watch for a sustained break above the psychological $3.00 level, which could trigger additional buying momentum. Consider entering long positions with stops below $2.90, targeting resistance near $3.15. The current setup favors continuation higher, but monitor Bitcoin’s broader direction for correlation effects.