Crypto analyst CryptoGuerrilla shared an optimistic outlook on Polkadot’s DOT token, asserting that a surge to $16 will happen swiftly and catch many off guard.
He notes similar chart structures across various altcoins that have broken out recently, using Solana’s massive run as a prime example. CryptoGuerrilla emphasizes that not all tokens begin running at the same time because of consolidation patterns.
CryptoGuerrilla expects Polkadot to embark on its own parabolic move once it resolves past the $8 resistance area, mirroring Solana’s explosive breakout.
Triggering events could include the highly anticipated rollout of Polkadot 2.0 upgrades, a boom in Polkadot decentralized finance sparked by new AMM dex HydraDX, or some other narrative-grabbing attention. Nonetheless, the analyst believes the technical chart already signals DOT coiling up for a major bull run.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +CryptoGuerrilla sets the initial upside target at around $16. Reaching this price point would propel DOT into a sustainable macro-uptrend and mark the end of cheap prices for acquiring Polkadot. He expects this to play out over the next 6–8 weeks, barring deep bitcoin retracements that throw markets off course.
So in summary, technical and on-chain activity suggest Polkadot gears up for substantial upside once its consolidation period concludes with a convincing break past $8. CryptoGuerrilla anticipates this next leg unfolding rapidly, with DOT likely hitting $16 in short order if key resistance gives way along with some bullish fundamentals emerging.
You may also be interested in:
- Fetch.ai Climbs Back to $0.70 Level, Analyst Says FET Breaking Resistance Could Send It to All-Time High
- Analyst Highlights Major Chainlink Barrier LINK Must Overcome to Reach $20
- What Do You Need To Become A Memecoin Millionaire?
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
