Polkadot (DOT) Falls 0.03%, Underperforms the Crypto Market Saturday

Saturday, December 25, 2021 09:32 AM | InvestorsObserver Analysts

Polkadot (DOT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Distributed Software Platform has declined 3.47% to $28.41.

InvestorsObserver is giving Polkadot a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polkadot!

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Low Volatility

InvestorsObserver gives Polkadot a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. DOT's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Polkadot price is trading near resistance. With support set at $27 and resistance set at $28.79. This leaves Polkadot with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.