Here’s Why Polkadot’s (DOT) Price May Rally to $20-$25 Soon (Analysts)

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• Polkadot's price briefly surpassed $7, with its market capitalization approaching $10 billion, indicating that the market may have rebounded.
• Analysts emphasized that DOT could see a rally to $20-$25 or $9-$13 if it overcomes key resistance levels and benefits from recent protocol developments.

Where is DOT headed?

Polkadot's native cryptocurrency is not among the best performing cryptocurrencies during the recent market rebound but is well in the green zone. Its price briefly crossed the $7 mark, while its market capitalization approached $10 billion.

One person believes the assets It is expected For future gains from now on is user X Michael van de Poppe. he claimed Which The Department for Transport has already hit bottom, especially since the introduction of the JAM working paper in April.

Recall that the team behind Polkadot Released Joining and Accumulating Machine (JAM) Gray Paper about a month ago. The upgrade combines elements of Polkadot and Ethereum and “provides a global, permissionless single-object environment.”

Another analyst who envisions a bright future for DOT is Block Diversity. they Proposal That the token's valuation could rise to $9, $11, and eventually $13 once it is cleared Main Resistance level is $6.90. DOT price has been hovering around this line for the past few hours, which has become a major obstacle in its upward trajectory.

Additional DOT forecasts

Other crypto enthusiasts who have touched on the asset recently include FLASH and Crypto Thanos. the previous described The previous DOT price pullback as a “book correction” will eventually be replaced by a return towards the $20 mark. “The $5 level during the summer period Bleed “It can be attractive,” they added.

Crypto Thanos Argue A few days ago, the token's parallel bearish channel was about to explode. DOT price has already surpassed this level in the last 12 hours or so by rising above $6.8, so it will be interesting to follow whether their analysis pans out or not.

Those interested in checking out more DOT price forecasts can browse our dedicated section here.