A slow down? After four days of going up, Polkadot is flat today, hovering around $6.79.

Without a clear-cut direction, Polkadot is trading around $6.79 and ranging between $6.75 and $6.82.

Polkadot made an initial break below its 3 day Simple Moving Average at $6.71, a possible indication of a forthcoming negative trend. Polkadot's upper Bollinger Band® is at $6.85, suggesting that a downward move may follow. In contrast, Polkadot is approaching key support, around 11 cents away from $6.68. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Although price action remains in a stalemate, technical analysis suggests Polkadot could be primed for a break to the downside.

At the same time, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cosmos USD rises 3.16% to trade around $12.79. Dogecoin is up 1.52%.

Polkadot is now trading 64.7% below the significant high of $19.27 it set around 11 months ago. Polkadot has a market cap of 7.99 billion with an average daily volume of 160.21 million.