Polkadot (DOT) could plunge after correction from its recent rally

Polkadot (DOT) has finally managed to get closer to $10 after falling sharply over the last week or so. The coin has also seen decent gains this week as it recovers most of the losses reported in the middle of May. But this bull run is losing steam and a correction appears imminent. Here are some important points:
DOT is losing steam after testing the $10 price.
The coin will likely face a major correction as short-term investors lock in profit.
DOT could fall sharply to $7.35 in the near term.