Why Polkadot (DOT) Price Target of $50 ‘Isn’t Out of Reach’

Polkadot (DOT) is back on the radar after a technical chart from analyst Crypto Patel made the rounds on X (formerly Twitter). Right now, DOT's price is sitting around the $4 mark and seems to be holding steady in a well-known accumulation zone

Polkadot (DOT) has been a hot topic in the crypto world lately, especially after an analyst at Crypto Patel shared a technical chart on X (formerly Twitter).

Right now, DOT’s price is hovering around the $4 mark and seems to be stabilizing in a well-known accumulation zone that’s seen action in past cycles.

According to Patel, the $3.50-$4.50 range is a key demand area where many traders lost interest during the sideways movement. However, this zone has seen strong support in 2022, 2023, and early 2025, leading to price reversals.

This green-marked accumulation range is labeled a “historic demand area” in the tweet and aligns with key price bounces seen throughout the asset’s lifecycle.

The DOT price chart also outlines a previously established resistance level at around $7.50, which has since turned into a potential support zone following a breakout.

The chart identifies two resistance zones. The first, near the $10-$11.50 range, showed Polkadot’s price rejection in mid-2023 and early 2024. This level must be surpassed for bullish continuation. The second resistance is at $50, which is the former all-time high of the asset.

A 2021 to 2024 downtrend implies a breakout in mid-2023, then a successful retest in early 2025. The shape of the breakout, combined with the double-bottom pattern forming between 2023 and 2025, concurs with bullish reversal signals.

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Additionally, the chart outlines a potential uptrend since early 2025. A green arrow projects a parabolic move from the $4.25 level toward $50. This projection suggests a gain of over 1,000%, echoing market cycles seen during previous bull runs.

The tweet reinforces this scenario by referencing the cyclical nature of the market and the strategic positioning of long-term investors during low sentiment phases.

While the broader market for DOT price reflects prolonged consolidation and lowered retail interest, the current technical setup indicates that the asset is maintaining key structural support while forming bullish patterns.

Crypto Patel’s analysis offers a structured overview of price action, resistance levels, and projected growth, based solely on historical performance and chart indicators. The scenario remains dependent on broader market conditions and continued adherence to the projected technical path.