Mixed sentiment leads Polkadot cryptocurrency to trade sideways; establishes tight $5.82 to $5.93 range

Polkadot trades at $5.88, after ending today at $5.89.

Polkadot's upper Bollinger Band® is at $6.98 and the lower is $5.24.

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

Having set a significant high of $27.51 11 months ago, Polkadot is trading 78.58% lower. Polkadot is currently trading with a market cap of 6.86 billion with an average daily volume of 268.58 million.