Polkadot (DOT) Price Prediction: Will DOT Follow in Fantom's (FTM) Footsteps?

Polkadot's native token, (DOT), may be positioning itself for a major breakout, following a similar price trend seen in Fantom.

Crypto analyst Ali Martinez has shared his analysis on the price trend of Polkadot (DOT), suggesting that the token could be set for a major breakout.

Martinez highlights a striking similarity between Polkadot’s current price movement and a pattern observed earlier in Fantom’s (FTM) chart history. Based on this observation, he projects a potential path for DOT.

From its current price level, the analysis suggests that DOT could first make a significant upward move to $9.7, a level that would mark a strong resistance point for the token. However, if DOT manages to reach this level, it might encounter selling pressure, leading to a pullback.

The analysis anticipates that this pullback could see DOT retrace to $6.7, a price level that might attract bullish traders looking to enter or reinforce positions before a larger rally.

Continuing on this projected path, the analysis suggests that DOT could be poised for a further breakout, potentially reaching an impressive target of $20.

Breaking out to this level would place DOT near the top of its historical price range, sparking further interest from the broader crypto market.

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