TL;DR

Polkadots 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?

Polkadots 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 (CoinGeckos data), with some analysts expecting a further uptrend in the near future.

DOT Price, Source: CoinGecko EliZ an X user with almost half a million followers predicted huge volatility for the token in the following days and an eventual increase to approximately $6.70.

Michael van de Poppe another popular analyst was much more bullish. He touched upon the matter last week, claiming that DOT seemed to be breaking upwards from the crucial area of support. The trader went further, forecasting a rally to as high as $22 should the price cross the $9.29 resistance level.

It seems like $DOT is breaking upwards from the crucial area of support.

If this is the rotation, then the next run is likely going to bring it towards $17-22. pic.twitter.com/onB5X7BjOh

Additional Predictions

The X users Rekt Fencer and Crypto Tony were among those speculating on DOTs 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.