A slow down? After three days of going up, Polkadot is flat today, hovering around $5.4.

Without a clear-cut direction, Polkadot is trading around $5.4 and ranging between $5.39 and $5.43.

Polkadot's upper Bollinger Band® is at $5.78, suggesting that a downward move may follow. On the other hand, note that Polkadot is approaching key support, around 3 cents away from $5.36. 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.

Despite the market lacking direction, technical chart analysis strongly suggests Polkadot is positioned for a downward move in the near term.

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54%. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Polkadot has shed 25.23% over the past three months. Polkadot is currently trading with a market cap of 6.40 billion with an average daily volume of 115.80 million.