Polkadot (DOT) is experiencing a bullish surge fueled by increasing interest from institutional investors. Despite this positive momentum, the altcoin faces resistance levels on its path to reclaiming previous highs.

🥇 Outperforming Competitors: Polkadot has outperformed rivals like Solana and Cardano, attracting attention from institutional investors. In the week ending March 23, DOT saw inflows of $5 million, while SOL and ADA experienced outflows. This institutional interest has contributed to DOT's recent price recovery.

📊 Retail Investor Sentiment: Retail investors are also showing renewed bullish sentiment towards Polkadot, further supporting its upward trajectory. This resurgence in optimism is crucial for sustaining DOT's upward momentum.

💡 Price Prediction: Analysts predict that Polkadot could target the $12 mark, representing a potential rally of 31%. While DOT fell short of this target in the previous bull run, it now has a chance to reach it, provided it can overcome resistance levels at $10 and $11.