Polkadot Price Forecast: DOT primed to rally 30% after colle

Polkadot Price Forecast: DOT primed to rally 30% after collecting liquidity


5/25/2021 7:48:36 AM GMT
Polkadot price looks ready for a bounce as it dips into a demand zone, stretching from $18.46 to $21.73.
The MRI’s buy signal adds credence to the bullish hypothesis.
A potential spike in buying pressure could propel DOT up by 30% to $28.96.
Polkadot price suffered a fatal drop like most altcoins during the market crash on May 19 and 23. However, unlike most cryptocurrencies, DOT seems to have spawned a confluence of buy signals that suggest a bullish phase will arrive shortly.
Polkadot price strengthens its upswing narrative
Polkadot price is currently trading at $22.41, just above the demand zone scales from $18.46 to $21.73. The recent dip into this area is likely to have provided DOT with buying pressure from sidelined investors. Therefore, Polkadot price is preparing for a move higher.

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