Polkadot (DOT) Undervalued? Analyst Predicts Rally to $17 – Here's When
Is Polkadot (DOT) poised for a massive price surge? Crypto analysts are buzzing about DOT's potential, with one prominent voice predicting a significant rally. According to crypto analyst Michael van de Poppe, Polkadot (DOT) is “heavily undervalued.” This bullish sentiment has investors wondering when DOT might break out and reach its full potential.
Analyst Sees Major Upside Potential for Polkadot
Van de Poppe highlights the project's continued development, particularly the release of their JAM (Join-Accumulate Machine) upgrade, as a key factor contributing to its undervaluation. He believes that if Polkadot can successfully break out of its current structure, it could soar to around $17, representing an impressive 167.29% gain from its current price.
Key Resistance Level to Watch: $9.295
In his latest analysis, van de Poppe identified the $9.295 price as a crucial resistance level for Polkadot. The last time it saw this price point was on April 1 amid a price fluctuation. Overcoming this hurdle is seen as a necessary step towards achieving the $17 target.
The Path to $17: Higher Low and Momentum
The analyst presented a price chart according to which DOT may establish a “higher low” before heading north. He envisioned a rally toward $17 as long as the token maintains its momentum and breaks through the key resistance. Poppe predicts the new altcoin could surge to $1.60 if it breaks above $1.17 with strong momentum. Poppe believes LINK is also undervalued, with its price currently at the
Martinez Echoes Bullish Sentiment
Martinez believes that if Polkadot can successfully break out of its current structure, it could soar to around $17, representing an impressive 167.29% gain from its
Is Now the Time to Invest in DOT?
While predictions are not guarantees, the consensus among some analysts points to Polkadot being significantly undervalued. Keep a close watch on DOT's price action and the $9.295 resistance level. A successful breakout could signal the start of the predicted rally to $17.