Polkadot’s Price Surges Amid DOT 2.0 Anticipation: Expert Says DOT “PUMPING HARD” – Here’s Why
The cryptocurrency market is excited as Polkadot (DOT) experiences a remarkable price surge. Crypto influencers and analysts alike are bullish on the project’s prospects, fueling investor optimism.
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Bullish Outlook from Crypto Influencers
The bullish sentiment surrounding Polkadot has been amplified by prominent crypto influencers, who have expressed their confidence in the project’s future prospects. Ash Crypto, took to X (formerly Twitter) to share his bullish outlook on DOT, stating:
“$DOT IS PUMPING HARD NEXT TARGET IS $13-$16 I’M REALLY BULLISH ON DOT 2.0 WHICH CAN SEND IT EVEN HARD.”
Ash Crypto’s enthusiasm stems from the anticipation of Polkadot 2.0, a significant upgrade that is expected to further enhance the platform’s capabilities and potentially drive the price even higher.
Technical Analysis Signals Uptrend
Complementing the positive sentiment, technical analysis from altFINS paints an optimistic picture for Polkadot’s price trajectory. According to their analysis, Polkadot’s price is currently in an uptrend. Following a bullish breakout from a Falling Wedge pattern, the price is approaching the near-term target of $10, representing a 25% gain.
Source: altFINS – Start using it today
Consequently, investors are now awaiting two potential scenarios:
- A break above $10, which would signal a continuation of the uptrend with a 20% upside potential to $12.
- A pullback near the $8 support level, presenting another opportunity for a swing trade entry within the uptrend, with a 25% upside potential back to $10.
Moreover, this analysis underscores the bullish momentum surrounding Polkadot, as the market eagerly anticipates the next move in this upward trajectory.
The analysis further highlights that Polkadot’s trend is bullish across all time horizons, with momentum indicators showing positive signs. Additionally, the nearest support zone is identified at $8.00, while resistance levels are at $10.00 and $12.00.
Undervalued Potential and Long-term Conviction
Adding to the bullish narrative, CryptoGuerrilla, another prominent crypto influencer, expressed their belief in Polkadot’s long-term potential, stating:
“$DOT is still undervalued in terms of long term fair value. Polkadot 2.0 isn’t even here yet, and we’ve broken $10 with conviction! A moment of silence for those that bought the top last cycle, got their DOT & GLMR Merch ready for the HODL – and then at the bottom capitulated hahaha & tried to convince everyone to follow them in doing so.”
CryptoGuerrilla further highlighted their conviction in the project, stating they were accumulating DOT in the $3-$4 range, demonstrating their long-term bullish stance.
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Show more +As the anticipation for Polkadot 2.0 continues to grow, and influential voices in the crypto community express their optimism, the stage seems set for Polkadot to potentially reach new heights in the coming days and weeks.
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