Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has increased 3.18% to $6.6.
InvestorsObserver is giving Polkadot a 25 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 25, placing it in the bottom 25% 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 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 trading above resistance. With support near $6.28 and resistance set at $6.58. This positions Polkadot out of range and potentially in a volatile position if the rally burns out.