Polkadot (DOT) was relatively less volatile compared to the crypto market. So far, the Distributed Software Platform has fallen 1.67% on Sunday to $ 24.38.
InvestorsObserver gives Polkadot a volatility rank of 19. Find out what this means for you and get the rest of the leaderboard on Polkadot!
Low volatility
InvestorsObserver gives Polkadot a rank of 19 with low volatility, placing it in the bottom 19% of cryptos on the market.
The volatility meter analyzes this and makes its score defined by recent trends rather than a bad day. The low volatility of DOT is coupled with a low value on the risk / reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.
The Polkadot Prize is well positioned for the future. With support at $ 23.05 and resistance at $ 25.2. This positions Polkadot with leeway before facing selling pressures.
What is a coin
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.
