Marginally higher but lacking a clear-cut direction, Polkadot is trading at $5.43 after ranging between $5.39 and $5.47 today.
Bollinger Band® analysis indicates that current price action is approaching the upper band at $5.9, thereby suggesting that Polkadot is becoming overvalued. Polkadot broke through the $5.46 resistance and climbed 4 cents above it.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Polkadot is set for a reversal in the coming days.
Meanwhile, Dogecoin is down to $0.1, losing $0, after closing at $0.1 in the preceding trading session. Ripple is down $0.008 from the beginning of the session and now trades around $0.389. Litecoin is down to $76.24, losing $1.3, after closing at $77.54 in the preceding trading session.
Since its 52-week high of $36.77, Polkadot has lost 85.31% over the last twelve months. Polkadot is currently trading with a market cap of 6.19 billion with an average daily volume of 28.58 million.