Polkadot's Price Surge Sets Stage for Further Upside

Polkadot's recent price surge has shifted its short-term outlook, with technical indicators pointing towards potential further upside.

The cryptocurrency broke above several key technical levels, including its 7-day and 20-day Simple Moving Averages (SMA).

The Relative Strength Index (RSI) currently sits at 58.75, indicating that DOT is in neutral territory with room for further upside before reaching overbought conditions.

Traders considering DOT positions can take a conservative entry approach by waiting for a pullback to $1.45-$1.50 range or an aggressive entry at current levels around $1.62.