Polkadot (DOT) is trading at $1.73, down 1.71% in the past 24 hours, but technical indicators suggest the cryptocurrency may be positioning for a recovery.
With DOT sitting near its 52-week low and showing signs of oversold conditions, this comprehensive DOT price prediction examines the potential for both upside recovery and further downside risks.
DOT short-term target (1 week): $1.92 (+11%).
Polkadot medium-term forecast (1 month): $1.70-$2.40 range.
Key level to break for bullish continuation: $2.09.
Critical support if bearish: $1.70.
Recent analyst forecasts present a mixed but cautiously optimistic outlook for DOT.
Tony Kim from BitcoinEthereumNews has issued the most bullish DOT price prediction, targeting $1.92 in the short term based on anticipated recovery from oversold conditions.
His medium-term Polkadot forecast extends to $2.40-$2.60, contingent on breaking the critical $2.09 resistance level.
CoinCodex models show conflicting signals in their predictions.
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