Small gain for Polkadot at $6.92 after ranging between $6.68 and $6.93 today.
Polkadot could be slowing down soon as it approaches resistance at $7.05. Of course, crossing it might suggest further gains are ahead. Despite posting gains so far today, Polkadot slid below its 5 day Simple Moving Average at $6.71 in earlier trade — an early indicator that a negative trend could be emerging. Polkadot's upper Bollinger Band® is at $7.16, this is a slight indication of a slowdown.
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.
Polkadot shows positive signs, other assets are also on par: having closed the previous session at $0.404, Algorand USD is up 6.11% today to currently trade at around $0.429. MaticNetwork USD added 5.37% to its value, now trading at $1.2. Chainlink USD moves up 3.95% to trade around $8.43.
Polkadot reached a significant high of $53.35 around 11 months ago but has lost 87.24% since then. Polkadot is currently trading with a market cap of 7.88 billion with an average daily volume of 44.12 million.