Polkadot cryptocurrency trades up $0.075, approximately 1.43% higher this afternoon

Tentatively higher from an earlier low of $5.24, Polkadot is up to $5.32 today, adding $0.075, or 1.43%, to today's closing price of $5.24.

Trend-following investors would be interested to note that Polkadot made an initial breakout above its 21 day Simple Moving Average at $5.35, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Polkadot's upper Bollinger Band® is at $5.45, this is a slight indication of a slowdown. A study of Polkadot's historical price actions shows Polkadot broke through the $5.28 resistance, climbing 4 cents above it.

All in all, the technical analysis suggests Polkadot has no clear-cut direction.

Polkadot shows positive signs, other assets are also on par: FTX Token is up 9.54%. TRON increases 1.41% to trade around $0.077. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

Polkadot has shed 20.81% over the past three months. Polkadot is currently trading with a market cap of 6.32 billion with an average daily volume of 108.39 million.