Polkadot (DOT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Distributed Software Platform has declined 3.47% to $28.41.
InvestorsObserver is giving Polkadot a 17 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 17, placing it in the bottom 17% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. DOT's low volatility reading pairs 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 trading near resistance. With support set at $27 and resistance set at $28.79. This leaves Polkadot with potential selling pressures ahead as it may be getting over extended.