Polkadot (DOT) is in the red while other major cryptocurrencies are rallying. The coin is down by less than 1% in the last 24 hours and now trades at $1.524. It is approaching a key resistance zone, where a breakout could trigger a rally. The rally could be fueled by growing institutional demand for Polkadot ETFs. Furthermore, improving derivatives metrics supports a bullish sentiment, hinting at a potential breakout in the upcoming days. Polkadot ETFs record first inflow DOT is down by less than 1% in the last 24 hours despite positive news from the Polkadot ecosystem. Crypto asset manager 21Shares recently launched the first spot Polkadot ETF in the US on March 6.