Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has fallen 4.26% to $6.73.
InvestorsObserver is giving Polkadot a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polkadot!
Moderately Volatile
InvestorsObserver gives Polkadot a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DOT's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Polkadot price is in a favorable position going forward. With support around $6.36 and resistance at $6.87. This positions Polkadot with room to run before facing selling pressures.