Polkadot price outlook: here’s why bulls eye a 50% rally

Polkadot (DOT) price is currently at $3.95, up by just 2% in the past 24 hours and 3% this past week.

Despite this, it has remained down across the past month.

However, DOT price is looking to extend the bounce from lows of $3.74 and could break to $4 to give bulls an opportunity to target a 50% rally.

With the crypto market holding onto a positive outlook, Polkadot’s price is showing resilience that could stem the downtrend seen since last December. 

Paraguay invests in Polkadot in $6 million tokenisation move

Tokenisation continues to drive significant interest and investment in crypto platforms, and one of the latest moves involves Polkadot.

Upside movement has recently benefited from the launch of a capital markets division.

On August 26, Polkadot published news that Paraguay has invested in the blockchain platform via the Asunción Innovation Valley (AIV) project.

AIV is a $6 million tokenised equity initiative built on Polkadot’s blockchain and aims at transforming the capital city by developing a hotel, university, convention centre, and data centre.

The project leverages Polkadot’s interoperability and scalability, positioning Paraguay as a potential blockchain hub in South America. 

The official rollout is expected in the third quarter of 2025, with launch also on Moobeam and Better Use Blockchain.

“This project with the Paraguayan Blockchain Chamber has been developing for two years. What began as a pilot has evolved into a potential benchmark for Latin America. With Polkadot supporting the vision of Mário and Ricardo from the Chamber, and Jaime from Better Use Blockchain providing the infrastructure to bring it to life, all the partners—Polkadot, Better Use Blockchain, Moonbeam, and the Cámara Paraguaya de Blockchain—have become essential to making this initiative possible,” said John Rhodel Bartolome, business developer at Polkadot and Sunset Labs.

Polkadot price: is a 50% breakout next?

DOT trades under $4 as of writing, having pared gains from near the mark amid continued bearish pressure. 

However, Polkadot bulls have bounced off lows of $3.74, with DOT touching an intraday high of $3.98.

The 24-hour trading volume has also jumped, up 39% at the time of writing to over $320 million.

While DOT remains precariously poised following extended losses in the past year, a symmetrical triangle pattern on the daily chart is forming.

A breakout above the $4.00 resistance could propel DOT toward the $5.29 level, and then $6.00 to see a more than 50% gain from current levels.

The Relative Strength Index (RSI) at 50 and trending upward indicates growing bullish momentum.

Meanwhile, increased trading volume and the positive MACD indicate buyers have a slight advantage.

The post Polkadot price outlook: here’s why bulls eye a 50% rally appeared first on Invezz