Polkadot cryptocurrency trades up $0.026, approximately 0.42% higher this afternoon

After closing the previous trading day at $6.36, Polkadot is up to $6.38, which makes for a move of 0.42%/$0.026 today.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $7, thereby suggesting that Polkadot is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Polkadot is set for a reversal in the coming days.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin goes up 1.25% to trade around $93.81.

At the same time, after ending today's session at $0.393, Cardano lost $0.007 and is trading around $0.386.

Polkadot has a market cap of 7.48 billion with an average daily volume of 268.58 million.