Polkadot (DOT) has come into the spotlight as crypto analysts build bullish narratives for the crypto asset. One of them is crypto expert Michaël van de Poppewho believes Polkadot could cost as much as $25 in this bull run.
Polkadot could reach $25 in the next step
Michael van de Poppe mentioned in an X (formerly Twitter) after that Polkadot’s next rally will rise between $20 and $25. He explained that the crypto token has undergone a substantial correction in recent months, but it showed enough strength by returning to pre-rally levels. The analyst further claimed that Polkadot has bottomed out, “especially since JAM Whitepaper came out.”
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He believes that Polkadot is more than ready for this rally, which could propel it to such heights. The crypto analyst was a big believer in Polkadot’s potential. He previously recorded Polkadot in a list of crypto tokens that it believes are undervalued. He claimed that DOT’s valuation was still at a cycle low, which had opened a “huge opportunity” to invest in it.
Van de Poppe invests a lot in Polkadot because of its technology. In a previous one X messagehe highlighted how the JAM (Join-Accumualte Machine) paper, which ushered in Polkadot 2.0, would revolutionize DOT’s ecosystem. He also claimed that Polkadot is the “second largest blockchain in terms of developers and growth.” Therefore, he expects that DOT’s prize will complement the team’s efforts soon enough.
Meanwhile Van de Poppe expected Polkadot will reach a price of $20 in the third quarter of this year. For now, he believes the $8 and $17 range are crucial resistance levels that the crypto token needs to break out of to enjoy such a parabolic rally.
A more bullish forecast for DOT
Crypto analyst Crypto Thanos offered a more bullish prediction for Dotstating that the crypto token climbing above $50 is “easily achievable” in this regard running of the bulls. He thinks this price is feasible because he expects institutions to become interested in large caps like Polkadot. He noticed it too Polkadots collaboration with Tie, which aims to increase institutional exposure and access.
It is worth noting that Polkadot’s all-time high (ATH) currently stands at $55, making Thanos’ prediction for the crypto token feasible. Crypto tokens are known to usually exceed their ATH in every aspect running of the bulls.
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Crypto analyst Captain Faibik provided insight into what you can expect from Polkadot in the short term. He predicts that the crypto token will record a 35% “bullish rally” soon enough. He said a “major trendline break/retest has already been confirmed” for DOT on the four-hour chart.
At the time of writing, Polkadot is trading around $7.11, up over 2% in the last 24 hours. facts from CoinMarketCap.
Chart from Tradingview.com