A slow down? After four days of going up, Polkadot is flat today, hovering around $4.53.

Polkadot is now trading at $4.53 after tracing out a steady $4.52 – $4.58 range today.

Polkadot is approaching key support, around 2 cents away from $4.51. 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. Polkadot made an initial breakout above its 10 day Simple Moving Average at $4.56, a potential indicator of a newly emerging bullish phase. Polkadot's upper Bollinger Band® is at $5.47 and the lower is $4.15.

Despite muted price action in Polkadot, chart analysis indicates it is positioned for a bullish run in the short term.

Meanwhile, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36. Bitcoin Cash is down to $106.36, losing $0.756, after closing at $107.12 in the preceding trading session.

Polkadot has shed 29.21% over the past three months. Polkadot has a market cap of 5.41 billion with an average daily volume of 121.68 million.