Polkadot (DOT) has been relatively less volatile compared to the crypto market. Through Friday, the Distributed Software Platform is up 2.26% to $27.25.
InvestorsObserver gives Polkadot a volatility ranking of 20. Find out what that means for you and get the rest of the rankings on Polkadot!
InvestorsObserver gives Polkadot a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.
The volatility gauge follows this, meaning that the rank represents its recent trends and is not unduly affected by a sudden spike – or two – in volatility. DOT’s low volatility is coupled with a low value on the risk/reward meter, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Polkadot price is trading near the resistance. Support is at $25.79 and resistance is at $27.55. This leaves Polkadot with potential selling pressure as it may become overstretched.
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, the intended use of these payments can vary from general uses in the Digital Money subclass to more specific uses in some other subclasses.