Polkadot (DOT) has been relatively less volatile compared to the crypto market. So far Sunday, the Distributed Software Platform has declined 1.67% to $24.38.
InvestorsObserver is giving Polkadot a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polkadot!
Low Volatility
InvestorsObserver gives Polkadot a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. DOT's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Polkadot price is well positioned going forward. With support around $23.05 and resistance at $25.2. This positions Polkadot with room to run before facing selling pressures.