Polkadot (DOT): Does it Score Well on Long-Term Trading Metrics Friday?

Friday, December 31, 2021 10:02 AM | InvestorsObserver Analysts

Polkadot receives an average long-term technical score of 47 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. DOT currently holds a superior long-term technical analysis score than 47% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Polkadot a 47 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Polkadot!

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Trading Analysis

Polkadot's price is -$8.5700000 (-23.50%) below its 100-day moving average price of $36.480000000 as its price at the moment sits at $27.910000000. Additionally, DOT is $20.7400000 (235.84%) higher than its 52-week low price of $7.170000000 while -$27.10000000 (32.56%) under its 52-week high of $55.000000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives DOT an average long-term technical score of 47. Long-term trading movement of Polkadot suggest that investors are bearish on the coin at the moment. Polkadot currently has a total market cap of $27,563,109,426.35 to go along with its average daily volume of $14,678,158,260.26 worth of the currency over the past seven days. DOT's volume is below its seven day average as of the past 24 hours, with 1,188,733,638.29 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

DOT's historical trading over the past year gives it a an average long-term technical score of 47 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Polkadot (DOT).