Polkadot (DOT) is currently trading at $2.11, reflecting a notable 5.67% increase over the past 24 hours, reaching its daily high of $2.11. The low for the day was $1.97, indicating a tight daily range of just 0.14%, which suggests limited volatility.

The trading volume of approximately 240.67 million DOT indicates healthy market participation, with a volume-to-market cap ratio of 6.90%. This ratio suggests that the asset is experiencing significant trading activity relative to its market capitalization, which supports the recent price movement.

The moving averages show a bullish trend, with the 8, 13, and 21-period SMAs all above $2.00, reinforcing a positive short-term outlook. The 55 SMA at $1.89 and the 144 SMA at $1.86 indicate a solid support base, further validating the upward momentum in the short to medium term.

The 1-hour RSI is at 74, indicating that DOT is approaching overbought conditions, which may prompt a short-term pullback. However, the 7-day RSI at 59 suggests that there is still room for upward movement before entering overbought territory on a longer timeframe.

In the context of recent performance, DOT has gained approximately 23.79% over the past week and 14.87% over the last 14 days, indicating strong bullish sentiment. Conversely, the 30-day price change shows a decline of 8.59%, highlighting some volatility and potential resistance levels to watch.

Given the current price level of $2.11 and considering both technical indicators and the broader market context, the asset is showing strong bullish signals. However, caution is warranted due to the high 1-hour RSI and potential for short-term corrections.

Overall, the recommendation is to **Hold** Polkadot (DOT) at this juncture. This strategy allows for potential gains if the bullish momentum continues while also mitigating risks associated with an impending short-term pullback.