Polkadot is down to $6.45, after ending today at $6.49. Overall, a 0.73% loss or $0.048 today.
Polkadot's upper Bollinger Band® is at $7 which indicates a further downward move may follow.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Polkadot to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Polkadot is expected to attract significant bearish sentiment in the coming days.
Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $1.16, EOS is up 5.48% today to currently trade at around $1.23. Having closed the previous session at $22, Solana is up 6.08% today to currently trade at around $23.33.
Polkadot has a market cap of 7.53 billion with an average daily volume of 268.58 million.