$DOT Polkadot (DOT) technical analysis indicates a bullish bias with potential for further gains. Here are the key points to consider:

Current Price and Trend

- DOT is currently trading at $4.02 with a 2.81% increase in the last 24 hours.

- The price is above its 7-day SMA ($4.11), 20-day SMA ($3.90), and 50-day SMA ($3.85), demonstrating short to medium-term strength.

Indicators

- RSI (Relative Strength Index): 61.05, positioning Polkadot in neutral territory with room for further upward movement before reaching overbought conditions.

- MACD (Moving Average Convergence Divergence): Positive reading of 1.5748 above its signal line, reinforcing the bullish outlook.

- Bollinger Bands: DOT is positioned near the upper band at $4.40, suggesting potential resistance ahead but confirming the current uptrend's strength.

Support and Resistance Levels

- Immediate Resistance: $4.33, a key level to monitor for potential breakouts.

- Support Levels: $3.43 for immediate support, with stronger support established at $3.24.

Trading Recommendations

- Buy Zone: $3.40 – $3.56 (near pivot and support levels).DOT price toward the $4.67 target, representing potential upside of approximately 8% .

- Sell Target: $3.67 (Resistance 1) and $4.00 (psychological level).

- Stop Loss: $3.30 to manage downside risk.

Outlook

Polkadot's technical indicators present a compelling bullish picture across multiple timeframes. A decisive break above the $4.33 resistance level could accelerate DOT price toward the $4.67 target