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Polkadot price prediction – DOT’s latest breakout can push altcoin to THIS level!
A recent breakout and bullish technical metrics suggest a potential rally towards $24 for Polkadot [DOT].
The cryptocurrency market has been abuzz with the latest price action of Polkadot, as it recently broke out of a descending channel pattern. With a current price of $7.72, following gains of 6.54% at press time, this breakout has sparked curiosity about its potential trajectory in early 2025.
The token’s ability to reclaim its bullish structure and form higher highs serves as a strong setup for future growth. The immediate resistance level at $11.77 remains crucial, with a successful breach potentially paving the way for DOT to reach $24.
This level of growth would be over 100% from its current price, indicating a promising trajectory for the cryptocurrency. Additionally, the consolidation following the breakout has been robust, providing traders with confidence in its long-term potential.
It is essential to note that Polkadot’s technical outlook continues to align with market expectations for sustained growth.
Source: ambcrypto.com
