Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April

Polkadot (DOT) is gaining positive momentum and could be poised for a significant price surge, according to crypto analysts.

Michaël van de Poppe, an expert in the field, has identified encouraging market dynamics for Polkadot, suggesting a potential upward trajectory in the next few days or weeks.

Polkadot Analyst Insights: Promising Momentum

Polkadot on the USDT pair showed a regular pattern of higher highs and lower lows, according to Van de Poppe, suggesting an increase in bullish momentum. He also pointed out that Polkadot’s Bitcoin pair is still around a cycle low, indicating a possible trend reversal. Van de Poppe theorised that Polkadot might be returning to its peak in the upcoming months based on these facts.

#Polkadot is starting to gain positive momentum, as it’s making higher highs and lower lows on the USDT pair.

The BTC pair is still at the cycle low, indicating a likely upward run on the horizon.

Perhaps $DOT can run towards an all-time high in the coming months. pic.twitter.com/dewBRJO9dO

— Michaël van de Poppe (@CryptoMichNL) March 17, 2024

At the time of writing, Polkadot’s price stands at $9.26, with a 24-hour trading volume of $1.24 billion and a market capitalization of a little over $9 billion.

Cryptocurrency experts have been closely monitoring Polkadot’s price fluctuations since the beginning of 2023. Drawing insights from historical data and market trends, these analysts anticipate an average DOT rate of $13.70 by March 2024.

However, they acknowledge a range of potential outcomes, with minimum and maximum price estimates standing at $10 and $17, respectively.

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