Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has increased 1.64% to $22.93.
InvestorsObserver is giving Polkadot a 26 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 26, placing it in the bottom 26% of cryptos on the market.The Volatility Gauge follows 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 at $21.77 and resistance set at $23.28. This leaves Polkadot with potential selling pressures ahead as it may be getting over extended.