Polkadot (DOT) May Follow Fantom's (FTM) Footsteps, Predicts Analyst, Envisioning a Price Rally to $20

Polkadot (DOT) may be on track for a price rally similar to that of Fantom (FTM), according to an analysis shared by crypto analyst, Ali.

Crypto analyst Ali has suggested that Polkadot (DOT) may be poised for a price rally, potentially reaching as high as $20 soon. The analysis is based on a comparison of DOT's price chart with that of Fantom (FTM), showing a possible pattern that could lead to significant gains for DOT.

According to the analysis, if Polkadot's price movements follow a trajectory similar to that of Fantom, the token could see a rally from its current support level at $4.21. From this point, the analysis predicts a rise to a major resistance level at $9.7, followed by a pullback to $6.7. This phase would serve as a consolidation period before the token rallies toward the $20 mark.

The analysis highlights Polkadot's current support at $4.21, which could serve as a launching point for further upward momentum. If this support holds, the price could rally, starting the predicted path to $9.7, then $20.

This potential price movement for Polkadot underscores the possibility of a bullish rally,

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