Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has gained 0.67% to $6.16.
InvestorsObserver is giving Polkadot a 28 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 28, placing it in the bottom 28% of cryptos on the market.The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support at $6.07 and resistance near $6.21. This positions Polkadot with room to run before facing selling pressures.