Mixed sentiment leads Polkadot cryptocurrency to trade sideways; establishes tight $6.6 to $6.64 range

Polkadot is now trading at $6.63 after tracing out a steady $6.6 – $6.64 range today.

Polkadot is approaching key support, around 28 cents away from $6.35. 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's upper Bollinger Band® is at $7.59 and the lower is $5.86.

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 is up 9.54%. TRON gained 0.71% and is now trading at $0.068. UNICORN Token USD is up 1.62% to $6.47.

Polkadot has fallen back around 75.95% from the significant high of $27.51 set 10 months ago. Polkadot has a market cap of 7.69 billion with an average daily volume of 269.97 million.