Polkadot (DOT) Targets $9 as Market Takes Bullish Turn: Is a 2x Rally Imminent?

Polkadot (DOT) is looking to continue its turnaround, targeting $9 as the digital asset market prepares for a bullish turn. The Polkadot (DOT) price is turning bullish, breaking out of a falling wedge pattern. Discover the Polkadot (DOT) price has gained traction following the development of a double falling wedge pattern on the technical chart. This formation signaled renewed investor interest surges, and analysts believe a 2x rally could be imminent.

DOT Bullish Breakout: Key Levels to Watch

DOT is currently trading at $5.94, refle\xadcting a 1.53% gain in the last period. For a bullish breakout, DOT must surpass this resistance zone with increased trading volume. A confirmed breakout could indicate a shift in trend, opening the possibility of further price gains. This positive\xad trend in MFI bolsters the case\xad for a potential bullish breakout, aligning with the ove\xadrall technical outlook.

Analyst Predictions: $17 and Beyond?

Analysts say that DOT looks ready to break out of a bull pennant, heading to $17. With the breakout, it could be a big move for Polkadot. Its current price is in the region of. This in-depth analysis will explore DOT's current chart pattern, analyze support and resistance levels, delve into the crucial role of trading volume, review expert opinions, and ultimately assess the potential for further upside.

Recent Performance and Future Projections

DOT trades above $7.85, up nearly 18% in May as bullish momentum returns to Layer-1 tokens. Analysts forecast “$15 as a realistic target” for DOT by late Q3 2025. Polkadot has jumped by 5% in the past 24 hours, rising to $9.04 as the cryptocurrency market slips by 0.5% today. DOT is now up by 56% in the past week and by.

Will DOT reach its $9 target and potentially surge even higher? Keep reading to find out!