Polkadot trades at $6.13 after gaining $0.219 (3.7%).
Polkadot broke through the $6 resistance, climbing 13 cents above it. Polkadot made an initial breakout above its 10 day Simple Moving Average at $6.02, a potential indicator of a newly emerging bullish phase. On the other hand, note that Polkadot's upper Bollinger Band® is at $6.47, this is a slight indication of a slowdown.
With all probabilities considered, today's gains in Polkadot have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.
Polkadot shows positive signs, other assets are also on par: Ethereum is up 3.82%. Bitcoin Cash is up 3.33% to $111.49. Cardano moves up 4% to trade around $0.372.
Approximately 11 months ago, Polkadot reached a significant high of $53.88 but has struggled to hold onto its gains and declined 89% since then. Polkadot is currently trading with a market cap of 6.93 billion with an average daily volume of 28.59 million.