Is there a DOT rally or is the bear market confirmed?

TL;DR

Polkadot’s DOT token, currently stable at $6.5, has received bullish near-term price predictions from analysts, with expectations of a rise towards $15 due to positive market dynamics. Other traders project even higher future valuations, with forecasts reaching $100 in a bull market scenario and a summer high of $20. The latest forecasts from the DOT

Polkadot’s native token, DOT, has traded within a relatively tight range over the past week, but remains well in the red on a monthly basis. According to data from CoinGecko, the drop on a 30-day scale equates to almost 30%.

Source: CoinGecko

However, many analysts outlined bullish predictions in the short term. Popular X user Ash Crypto (who has over a million followers) is among them. The dealer admitted he still had his DOT deposit, raising hopes for a price pump to a two-year high of $15.

Additionally, the analyst noted the “good performance” of Solana’s meme coins recently, suggesting that such assets built on the Polkadot ecosystem may also thrive.

Crypto enthusiasts Thomas Kralow and FLASH also gave their two cents. The first expected DOT’s valuation reaches $100 during the bull market, while the latter cross “all engines” are “fueled” for a substantial rally.

Previous DOT predictions

Other analysts who recently described a bright future for Polkadot cryptocurrency include CRYPTOWIZARD and CryptoYoddha. The former expects a “volcanic eruption brewing” should break the major resistance level of $9.60.

CryptoYoddha predicted that the price of the asset could jump to $20 this summer, arguing that many more altcoins are about to pump in the coming months.

Other prominent traders, such as Michael van de Poppe and FLASH admitted to being HODLers. The former argued that Polkadot has shown “fundamental progress” over the years, stating that “rotation is close.”

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