A widely followed crypto analyst believes that an Ethereum (ETH) competitor is one resistance level away from more than doubling its value.
Crypto strategist Michaël van de Poppe tells his 692,500 followers on the social media platform X that Polkadot (DOT) could surge more than 135% from its current value if it takes out its immediate resistance at $9.40.
“I think that we’re going to see continuation on other ecosystems. One of them is Polkadot, which currently is making a higher low on the higher timeframes. DOT therefore is likely to continue to $17.”
Source: Michaël van de Poppe/X
Looking at his chart, the trader suggests that DOT could soar to $17 if it flips the resistance level of $9.39 into support.
DOT is trading