- Polkadot’s DOT has risen 12% this week, trading around $6.30, with industry participants predicting further growth and potential volatility, aiming for prices between $6.70 and $22.
- Analysts Rekt Fencer and Crypto Tony see a potential for DOT to reach new highs, forecasting up to $60 if it stays above key support levels and reclaims resistance zones.
When Bull Run?
Polkadot’s native cryptocurrency—DOT—is among the best-performing digital assets on a weekly scale, seeing its price rise by 12%. It currently trades at around $6.30 (CoinGecko’s data), with some analysts expecting a further uptrend in the near future.
Additional Predictions
The X users Rekt Fencer and Crypto Tony were among those speculating on DOT’s movement last month. The former assumed the asset has “entered the AI race,” forecasting a price explosion to a new all-time high of more than $60 by the end of this year.
Crypto Tony outlined the $5.70 mark as a “key support level,” promising to hop on the bandwagon as an investor should DOT stay above that zone “for a few weeks.”
Shortly after, the analyst said the moment for “a safe entry” would be once the token reclaims the $6.50 resistance level.
