Polkadot (DOT) is currently priced at $1.41, experiencing a significant 24-hour change of 14.29%. The price has reached a daily high of $1.41 and a low of $1.23, indicating strong intraday volatility with a daily range of 0.18%.

The trading volume stands at 228,718,659 DOT, translating to a volume-to-market cap ratio of 9.73%, suggesting a robust trading activity relative to its market capitalization. Moving averages indicate bullish momentum, with the 8-period SMA at $1.30 showing an increase of 8.65%, and longer-term SMAs also reflecting upward trends, particularly the 21-period at $1.27 with an increase of 10.97%.

The 1-hour RSI is at 87, indicating a potential overbought condition, while the 7-day RSI at 57 suggests moderate bullish sentiment. Over the past 7 days, DOT has appreciated by approximately 4.86%, and over the last 14 days, the increase is 14.80%, signaling a short-term recovery phase after a significant 30-day decline of 23.36%.

Despite the recent bullish activity, the current price remains significantly below its all-time high of $54.98, achieved in November 2021. The price action indicates a potential for further gains if momentum is sustained, but the high RSI suggests caution for short-term traders.

Given the strong recent performance, bullish moving averages, and considerable trading volume, a Buy rating is warranted. However, investors should monitor for potential pullbacks due to the overbought RSI condition in the short term.