Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has added 4.14% to $8.46.
InvestorsObserver is giving Polkadot a 31 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 31, placing it in the bottom 31% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. 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 above resistance. With support set at $7.94 and resistance around $8.28. This positions Polkadot out of range and potentially in a volatile position if the rally burns out.