Marginally higher but lacking a clear-cut direction, Polkadot is trading at $5.2 after ranging between $5.04 and $5.22 today.
Following today's trading session, chart analysis suggests Polkadot broke through the $5.24 resistance and climbed 4 cents above it. Trend analysis indicates that investors are seeking long positions as Polkadot price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that Polkadot's upper Bollinger Band® is at $5.13, this is a slight indication of a slowdown.
Overall, while Polkadot has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as UNICORN Token USD explodes 1,173,319% to trade around $6.1. Having closed the previous session at $109.64, Bitcoin Cash is up 11.32% today to currently trade at around $122.05. Bitcoin is up 5.83%.
Polkadot has managed to gain 17.47% so far this year despite trading at lows around $4.28 previously. Polkadot is currently trading with a market cap of 6.19 billion with an average daily volume of 17 million.