Polkadot has been up for four days in a row, gaining $0.084 to reach $6.52.

Polkadot has rallied $0.084, or 1.31%, to now stand at $6.52.

Trend-focused traders would be interested to note that investors are seeking long positions as Polkadot price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action overcame a known Fibonacci resistance level at $6.44 by around $0.078 with prices hammering out a $6.43 – $6.57 session range. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $6.64, thereby suggesting that Polkadot is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that Polkadot could be slowing down soon; it is getting close to the resistance line and is now at $6.56, only 3 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Notwithstanding Polkadot's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. Ripple is up 2.54% to $0.516. Litecoin is up 2.32%.

A year ago Polkadot reached a significant high of $27.51 but has consequently lost 76.59% since then. Polkadot is currently trading with a market cap of 7.65 billion with an average daily volume of 189.19 million.