Polkadot cryptocurrency trades up $0.047, approximately 0.66% higher this morning

Currently trading at $7.13, Polkadot remains range-bound between $7.07 and $7.13.

Polkadot's upper Bollinger Band® is at $7.63, this is a slight indication of a slowdown. Polkadot is 14 cents away from testing key resistance at $7.27. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, looking at the technical analysis landscape, it seems Polkadot is likely to reverse course and start pointing down in the short term.

Other markets are also showing gains as FTX Token soars 9.54% to trade around $1.36. EOS is up 1.33%. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

Over the past 10 months, Polkadot has retreated 74.25% from a noteworthy peak of $27.51. Polkadot is currently trading with a market cap of 8.27 billion with an average daily volume of 257.21 million.