invezz.com
03 January 2025 14:47, UTC
Polkadot (DOT) and Toncoin (TON) are making headlines with their recent breakouts, signalling the potential for significant growth in 2025.
This digital asset trio draws attention as investors look for the next big moves in the crypto market.
Analysts are particularly bullish on Polkadot, forecasting a surge past its current levels, while Toncoin shows promise with its breakout from a falling wedge pattern.
Meanwhile, Polygon (POL) is on the radar with predictions suggesting it could hit the $1 mark, reflecting optimism in its scalability upgrades and expanding ecosystem.
Polkadot, currently trading at $7.57 with a market rank of #21, has shown a mixed performance in recent times.
Over the last 24 hours, DOT has seen a 3.6% increase, but it’s down 26.3% in the past month and 11.1% over the year.
However, despite these fluctuations, there are signs of potential bullish trends.
Analyst Ali Martinez recently highlighted on X that Polkadot appears to be approaching the conclusion of its accumulation phase, potentially gearing up for a breakout from a long-standing falling wedge pattern.
Martinez’s analysis suggests that if DOT manages to surpass key resistance levels, it could see significant upward momentum, with targets possibly reaching $10 or higher in the near term.
Another analyst referred to as World of Charts on X has noted that DOT has completed a “Breakout & Retest” and it looks extremely bullish in shorter/higher time frames.
He gives a target of $30 in Q1, 2025.
$Dot#Dot Finally Polkadot Looking Good Atleast For 1st Quarter Of 2025 After Multiyear Symmetrical Triangle Breakout Dot Did Healthy Correction & Bounced From Key Support Successfully Finally Higher High Has Been Formed After Long Downtrend Targets Are Mentioned On Charts…
This optimism is partly fueled by the ongoing development within the Polkadot ecosystem, notably the successful launch of new parachains, which enhance the network’s interoperability and scalability.
Notably, the integration of more parachains and the ongoing work on Polkadot 2.0, which aims to shift the ecosystem towards an application-focused design, increases DOT’s utility and could potentially push its value higher as 2025 unfolds.
Polygon’s native token, formerly known as MATIC, now rebranded to POL, is trading at $0.4943, securing the #41 spot in market cap rankings.
POL has experienced a modest 0.2% increase over the last 24 hours but has been on a downward trend over the year, with a 49.6% decrease.
Despite this, there’s been a recent uptick of 14.8% over the past 14 days, suggesting a potential recovery phase.
Josbel Herrera shared a bullish price prediction for POL on X, predicting that the altcoin could hit $2.5 in 2025.
🚀 **Polygon (POL) Price Prediction 2025: Charting the Path to Growth** 🚀 Hey crypto enthusiasts! 📈 Here’s a deep dive into what might be in store for Polygon (POL) in 2025: **2025 Overview:** – **Bullish Outlook**: Analysts predict POL could soar to new heights, potentially…
Herrera’s prediction is backed by several other bullish predictions with a majority of them hinting at POL soaring above $1.
Altcoin analyst, Alan Santana, forecasts that the token could hit $1.3
This bullish perspective could be attributed to Polygon’s upgrade from MATIC to POL on Ethereum’s mainnet, aiming to improve transaction speeds and reduce costs, making the network more appealing for developers and users alike.
Additionally, Polygon’s growing partnership landscape, including collaborations with major platforms and its focus on DeFi and NFT sectors, might be driving some of the recent price movements.
Toncoin, at a price of $5.62 and ranked #14 by market cap, has seen a decrease of 1.1% in the last 24 hours and 3.7% over the past week. ‘However, its year-to-date performance is impressive with a 150.9% increase, showcasing strong long-term growth potential.
Analyst CryptoBoj on X has recently commented on TON’s resilience, noting that overcoming the 200-SMA resistance at $5.97 could push the price towards $8.
Solberg Invest also noted that TON had broken out from a falling wedge, with support at the EMA-50 and targets at $8.3 and $10.7.
$TON Falling Wedge Breakout 🚀 $TON has broken out from a falling wedge—typically a bullish pattern! Holding support at the EMA-50 is a great sign for upward momentum. 🎯 Price Targets: $8.3 and $10.7 💡 Expect short-term dips for retests, but watch for volume confirmation and…
This optimism stems from TON’s robust ecosystem development, including its integration with Telegram’s vast user base through the TON Space wallet and the expansion of its decentralized applications.
The ongoing adoption by Telegram and the growth in its DeFi and gaming sectors are likely key drivers behind these price movements.
Additionally, TON’s focus on privacy and security has attracted investors looking for long-term value in cryptocurrency.
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