Polkadot $DOT is enjoying a standout month, outperforming many leading altcoins with remarkable price gains. Over the past seven days, DOT surged by more than 50% and has soared an impressive 95% on the monthly chart, climbing from a low of $3.67 to trade above $8.29.
As DOT gears up to break above $11.80—its current yearly high—it is increasingly being viewed as a top cryptocurrency to invest in. Analysts have set ambitious targets for its long-term performance, with some forecasting a breakout above its 2021 all-time high of $55 during this bull cycle. Renowned crypto analyst CryptoFaibik predicts a mid-term surge to over $40, driven by a falling wedge breakout visible on the weekly chart.
Adding to the bullish sentiment, analyst dehaes_jelle has set a lofty price target of $100 for Polkadot by 2025. Supporting these projections, key technical indicators, such as DOT trading above its 10-SMA and 10-EMA, reinforce the positive momentum and suggest sustained growth.
