Home » Journal » Polkadot (DOT) Is Now ‘Basically Open Air’ With No Near Term Resistance as ‘Epic Pump’ Begins, Top Analysts Set Their Targets

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Polkadot (DOT) Is Now ‘Basically Open Air’ With No Near Term Resistance as ‘Epic Pump’ Begins, Top Analysts Set Their Targets

Temitope Olatunji

March 3, 2024

With Polkadot’s DOT token presently trading around $9, several prominent analysts have noted that price could surge significantly in the near term as it faces little overhead resistance.

CryptoBullet’s Outlook

Crypto analyst CryptoBullet stated that with DOT at $9, “It’s basically open air till $16.” This implies a 77% rally from current levels if Polkadot can reach his $16 target.

Ash Crypto’s Epic Pump Call

Meanwhile, Ash Crypto sees even more upside ahead, tweeting “$DOT EPIC PUMP HAVE STARTED SEND THIS TO $12 NEXT DOT 2.0 WILL BE A GAME CHANGER.” Ash believes improvements coming in Polkadot 2.0 could spark a 33% pump to $12.

AlphaInvestor’s Indicators Agree

Finally, AlphaInvestor’s proprietary VRVP indicator points to additional strength as well, with DOT “climbing out of the mud” that has kept it rangebound between $4 to $10. The analyst notes DOT faces little resistance until the $17.50 level, 89% above the current price.

So with Polkadot trading at multi-month lows, these experts highlight the potential for massive gains if bullish momentum returns to the smart contract platform. Their return targets range from 33% to as much as 94% if DOT can eclipse $17.50 and break out.

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