After keeping a low profile for quite some time, Polkadot (DOT) was seen making a comeback. The price of the asset witnessed a major spike over the past week. DOT is up by nearly 7% throughout the last seven days. Earlier today, the altcoin was trading at a high of $4.52.
But the asset saw a slight downtrend at press time and was trading at $4.42. Yet, its 24-hour price change remains at a positive 3.13%.
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Polkadot’s Market Performance And Future Price Predictions
Despite its latest spike, DOT remains a staggering 91% below its all-time high of $55. The Polkadot network’s daily trading volume saw an 18% spike, bringing the total to $153 million.
Ali Martinez, a cryptocurrency expert, recently posted an optimistic, bullish X post for Polkadot. Martinez uses a resemblance between Fantom’s price action and Polkadot on the weekly chart to indicate the probability of a positive turnaround.
In his forecast for Polkadot’s price, Ali points out that if the bullish trend continues, the price of DOT may hit $9.7 before dropping to $6.7, which would allow for a breakthrough rebound to $20.
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Polkadot October Price Prediction
Changelly’s forecast for Polkadot was fairly bullish for the month of October 2024. The firm revealed that DOT would reach a maximum price of $4.40. But, since the asset managed to move beyond this price level, there could be hope for DOT to surge higher.
In addition, the average trading price for DOT was set at $4.20. The lowest that Polkadot will trade this month is at $4. This price range is fairly bullish as it seems to be holding above the $4 mark.
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