Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has declined 1.36% to $19.47.
InvestorsObserver is giving Polkadot a 27 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 27, placing it in the bottom 27% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. DOT's moderate volatility reading comes 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 trading near resistance. With support set at $19.09 and resistance at $19.57. This positions Polkadot with potential selling pressures ahead as it may be getting over extended.