Despite recent price declines, analysts predict a potential rally for Polkadot (DOT), with some suggesting it could reach significant highs in the near future. Key crypto figures remain optimistic about the token's long-term growth, endorsing the strategy of accumulating during dips for substantial future gains.

The price of Polkadot (DOT) has been on a downward trend in recent weeks, plunging by 8% on a monthly scale and currently trading at around $6.50. However, some analysts believe this retreat could be a "textbook correction" that will eventually be replaced by a rally towards the $20 mark. FLASH, an X user with over 100,000 followers, thinks the $5 level could be attractive during the summer, while Crypto Thanos suggests DOT is about to enter a bull mode soon.

Other analysts, such as Crypto Tony, envision a rally once DOT reclaims the critical resistance level of $7.50, advising investors to jump on the bandwagon as soon as the asset reaches that mark. Michael van de Poppe and CRYPTOWZRD are among the numerous additional analysts who have outlined DOT price predictions, with the former presenting himself as a huge fan of Polkadot and the latter claiming the asset is poised for a "volcanic eruption brewing" should it surpass the important resistance zone of $9.60.

Dippy.eth, an X user, describes DOT as "the sleeping giant" ready to skyrocket by 60% in the short run and much more substantially in the long term. They advise accumulating on dips as a good strategy, as DOT could be seeing new highs when the altseason fully commences. With such optimism from key crypto figures, Polkadot's recent price crash could be good news for investors who accumulate during dips, potentially leading to substantial future gains.