Mixed sentiment leads Polkadot cryptocurrency to trade sideways; establishes tight $5.36 to $5.37 range

Polkadot trades at $5.36, after ending today at $5.37.

Polkadot's upper Bollinger Band® is at $5.81, suggesting that a downward move may follow. Despite this, Polkadot is approaching key support, around 4 cents away from $5.33. 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.

While Polkadot is pretty flat so far today, mixed performances are seen elsewhere as FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Polkadot has shed 28.62% over the past three months. Polkadot has a market cap of 6.36 billion with an average daily volume of 111.29 million.