The value of Polkadot (DOT) is fluctuating at approximately $6.37, influenced by the ongoing market correction. Despite this decline, analysts predict a potential surge if DOT surpasses key resistance levels. The Relative Strength Index (RSI) suggests that DOT may be on the verge of an upward trend, as its current levels indicate that it is not overbought.

Polkadot's DOT has been significantly impacted by the market correction, experiencing a 2% decline in the past 24 hours and a 14% drop over the past two weeks. Analyst Yakuza attributes this downtrend to last week's volatility, indicating that DOT is in a bullish mode. However, Yakuza believes that the asset still has room for growth, identifying a crucial resistance level at approximately $7.90, which could lead to a substantial rise above $13 if overcome.

Other analysts, such as Block Diversity and Michael van de Poppe, share similar sentiments, predicting a DOT rally if the asset crosses the $9.30 mark, potentially reaching as high as $17. Crypto Thanos suggests that the current price range is part of DOT's accumulation phase, driven by fundamentals such as the supersession of the old model of parachain auctions, radical change in use, and reduction of inflation via fee burning.

The RSI, a significant on-chain indicator, signals that DOT's value may be set for an increase. As an oscillator, the RSI helps determine whether a coin is overbought or oversold, indicating potential reversal points. With the RSI currently at 32, data suggests that a price correction could be imminent, potentially leading to an upsurge in DOT's value.

Overall, while Polkadot's DOT is currently experiencing a decline, analysts predict a potential surge if the asset surpasses key resistance levels. Driven by fundamentals and on-chain indicators, DOT's value may be poised for an upward trend, making it an attractive investment opportunity for those willing to hold onto their investment for the long term.