Summary
TLDR: Polkadot price is rising due to increased interest from institutional and retail investors, outperforming Solana and Cardano. The altcoin is on track for a potential rally to $12, but faces resistance at $10 and $11. Failure to breach these levels could result in a drop back to $9.2 support.
Key Points
1. Polkadot price is witnessing bullish momentum due to increased interest from institutional investors, potentially reaching a previous high.
2. Despite the current bullish trend, Polkadot may encounter resistance levels that could dampen the upward movement.
3. Polkadot has outperformed Solana and Cardano in terms of institutional inflows, with investors showing renewed interest in the altcoin. Retail investors are also displaying bullish sentiment, which is crucial for sustaining the price uptrend.