Polkadot ended the previous session at $6.91; currently trading at $6.52

Polkadot crashes after losing $0.392, breaking down to $6.52.

Polkadot made an initial break below its 21 day Simple Moving Average at $6.47, a possible indication of a forthcoming negative trend. After descending below strong Fibonacci support at $6.63, market bears have earmarked $6.16 as the next downside target. Polkadot's upper Bollinger Band® is at $6.97 which indicates a further downward move may follow. Polkadot broke through the $6.68 support line and dropped 16 cents below it.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Polkadot to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Polkadot is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, EOS closed at $1.13 (down 7.08%). Ripple is trading around $0.5 (down $0.033). Litecoin closed at $95.57 (down 6.1%).

Polkadot has fallen back around 64.13% over the past 11 months, from a notable high of $19.27. Polkadot has a market cap of 7.68 billion with an average daily volume of 185.78 million.