- Polkadot price is poised for a 120% surge, driven by a bullish triple-bottom chart pattern and key network upgrades.
- With upcoming ETFs and the Polkadot 2.0 upgrade, DOT is set to attract significant institutional investment and market demand.
The old adage “Sell in May and go away” might not be the best advice this year, especially for cryptocurrency enthusiasts looking to capitalize on Polkadot (DOT) gains. With the cryptocurrency market surging, Polkadot’s price is on the rise, and technical indicators point to even more upside potential. Here’s why you should be holding DOT, not selling.
A Triple-Bottom Chart Pattern Signals Big Gains
Polkadot’s price has been recovering, bouncing off its lows in April and rallying to $5.30. A standout feature in the chart is the formation of a giant triple-bottom pattern on the 3-day chart. This pattern is one of the most bullish technical formations, indicating that DOT is primed for a substantial rise. Traders are now targeting a price of $11, a 120% increase from the current level.
Why Sell in May Doesn’t Apply This Year
The traditional “sell in May and go away” strategy hasn’t held up in 2025. Bitcoin, for instance, has soared to a new high of $104,000, while the overall cryptocurrency market cap has exceeded $3.3 trillion. Polkadot, often overshadowed by larger cryptocurrencies, has managed to secure major milestones that could push its price even higher.
Catalysts for Polkadot’s Price Surge
Polkadot has several catalysts that make its price rally likely:
- Polkadot ETFs in the Works: Both 21Shares and Grayscale Investments have applied for a Polkadot spot ETF with the SEC. If approved, this would attract significant institutional investment, similar to the $40 billion allocated to Bitcoin since last year. An ETF could bring more mainstream attention and capital to DOT, driving the price further up.
- Polkadot 2.0 Upgrade: Polkadot’s ongoing network upgrades are also a major positive. With asynchronous backing, agile coretime, and elastic scaling, Polkadot 2.0 aims to make the platform the top layer-1 network in the industry. The elastic scaling feature is currently being tested on Kusama before being implemented on the Polkadot mainnet, promising reduced block times and greater scalability—factors that will likely boost DOT demand.
A Bright Future for DOT
The combination of a favorable technical pattern, institutional interest via the Polkadot ETF, and the network’s ongoing upgrades makes Polkadot an attractive investment. With Bitcoin’s expected long-term price rise, DOT is well-positioned to benefit from the overall crypto market boom.
In conclusion, instead of selling your DOT tokens, hold on tight! With Polkadot’s bullish technical outlook and solid fundamental drivers, now is the time to buy and wait for the upcoming surge.
