Polkadot (DOT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Distributed Software Platform has dropped 1.56% to $30.08.
InvestorsObserver is giving Polkadot a 18 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 18, placing it in the bottom 18% of cryptos on the market.The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DOT's low volatility reading comes 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 in a favorable position going forward. With support near $28.64 and resistance near $30.71. This leaves Polkadot with room to run before facing selling pressures.