Slightly weaker but mostly flat: Polkadot is currently trading at $6.35 as it maintains an active range between $6.3 and $6.63.
Despite being in the red so far in the current trading session, Polkadot peaked above its 50 day Simple Moving Average around $6.5 — typically an early indicator of a new bullish trend beginning to emerge. On the other hand, note that Polkadot's upper Bollinger Band® is at $6.58 which indicates a further downward move may follow.
Polkadot might continue its recent uptrend in the short term, according to technical analysis.
In the meantime, negative performances are also seen in other markets, after ending today's session at $20,776, Bitcoin lost $475.89 and is trading around $20,300. After ending today's session at $1,566.55, Ethereum lost $46.55 and is trading around $1,520.
Other assets are showing positive performances as Dogecoin surges 7.13% to trade around $0.078.
Polkadot reached a significant high of $53.88 around 11 months ago but has lost 88% since then. Polkadot has a market cap of 7.18 billion with an average daily volume of 30.13 million.