According to CryptoPotato, Polkadot's native cryptocurrency, DOT, has experienced a 12% increase this week, trading around $6.30. Industry participants are predicting further growth and potential volatility, with price targets ranging from $6.70 to $22. Some analysts, including Rekt Fencer and Crypto Tony, are even forecasting a potential rise to $60, provided the cryptocurrency maintains key support levels and reclaims resistance zones.
EliZ, a user with nearly half a million followers, has predicted significant volatility for the token in the coming days, with an expected increase to approximately $6.70. Another analyst, Michael van de Poppe, has a more bullish outlook. He suggested last week that DOT appeared to be 'breaking upwards from the crucial area of support.' Van de Poppe went on to predict a rally to as high as $22 if the price crosses the $9.29 resistance level.
In addition to these predictions, Rekt Fencer and Crypto Tony speculated on DOT's movement last month. Fencer suggested that the asset has 'entered the AI race,' and predicted a price surge to a new all-time high of more than $60 by the end of this year. Crypto Tony identified the $5.70 mark as a 'key support level,' and stated he would consider investing if DOT remains above that zone 'for a few weeks.' He later suggested that a 'safe entry' point would be once the token reclaims the $6.50 resistance level.