Three Important Polkadot (DOT) Price Predictions to Watch

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• The price of Polkadot's native token, DOT, is currently around $7.20, showing a modest weekly increase of 2%, despite the boom in the cryptocurrency market.
• Analysts, including Michael van de Poppe and Crypto Thanos, are forecasting a potential upside for DOT, with targets as high as $17, driven by fundamental growth, improving use cases, and advances in artificial intelligence and gaming.

DOT's next target

While the cryptocurrency market has boomed recently, Polkadot's native token – DOT – has not yet been registered. like Big gains like most leading assets. Its price is currently around $7.20 (according to CoinGecko data), which represents a 2% increase on a weekly scale.

However, many well-known analysts remain bullish on DOT He is You have not yet experienced an upward wavepraising Its advantages. One example of this is X user, Michael van de Poppe, who claimed that the coin “does a great job of fundamental growth.”

he Believes The moment is perfect for investors to enter the DOT ecosystem, envisioning a 130% rally towards $17. But he added that the price must first overcome the “crucial resistance” at $9.30.

Thanos' encryption I The Capo of Crypto also recently gave his two cents. the previous Supposedly That DOT “remains in the backlog” and is “improving.” they Day-to-day use cases. The analyst has high hopes for it based on several fundamentals such as “radically changing the use” of the token, “replacing the old model of parachain auctions,” reducing inflation by burning fees, and others.

For their part, El Capo from Crypto Argue DOT “forms a new uptrend” and is leading among major blockchains in the development of artificial intelligence (AI) and gaming.

“It ensures secure data transmission, decentralized AI processing, and seamless integration of assets into games, while enhancing security and governance,” the analyst concluded.

Previous forecasts

Other analysts influential On this issue in the past few weeks, Block Diversity and Altcoin Sherpa have included. the previous And he expected An increase in price as long as DOT remains above the $6.90 mark. Mention that its worth Briefly It fell below this level on May 31 before recovering.

Altcoin Sherpa Plasmodium Bull Racing but claimed that DOT wont Be able to outperform the rest of the market. as, They believe that selling the property during the next infusion is the right move.

One important on-chain indicator that indicates that the price of an asset has not yet risen is the Relative Strength Index (RSI). It ranges from 0 to 100 and is usually used to identify overbought or oversold conditions in the market. A ratio above 70 indicates this DOT could be trending To correct. Latest data Offers That's the Relative Strength Index It has been hovering below this level since May 22.