Polkadot (DOT) Price Prediction: Analyst Ali Charts Targets $11, Here's the Outlook

Polkadot (DOT) is gaining momentum as expert Ali Charts predicts a price spike to $11. Technical analysis supports this prognosis, which comes after DOT's price action saw a noteworthy breakout.

Cryptocurrency technical analyst Ali Charts has predicted a price surge for Polkadot (DOT) to $11 in his recent analysis.

After a breakout in DOT’s price action, technical analysis points toward a potential price spike to $11.

A well-known figure in the crypto community, Ali Charts shared his latest insights on DOT’s price movements.

His tweet reads, “#Polkadot $DOT is going as planned! Next stop: $11!” This aligns with the trends observed in the chart.

Polkadot price now, resistance levels

Polkadot is currently trading at $5.946, showing a strong 18.50% gain over the week.

The price is breaking through a critical resistance zone of $6.40–$6.50 after being on a protracted downward trend from its top in 2022.

A confirmed breakout here could set the stage for further gains.

Key historical resistance levels include $9.00 and the $11.00 target.

DOT support levels

Support zones are identified at $4.50, which marked the base of the ongoing bullish move, and $3.20, the lowest level during DOT’s extended downtrend.

Technical analysis reveals a potential reversal in DOT’s bearish trend.

A double-bottom structure around $4.50 signals bullish momentum, and the current breakout suggests increasing buying pressure.

Despite limited visibility of volume data, the 9.60% price increase underscores strong market demand.

This upward momentum aligns with Ali Charts’ prediction, which anticipates continued bullish performance.

The absence of significant resistance between $6.50 and $9.00 suggests that the path toward the $11.00 target is viable, provided the momentum remains strong.

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