Will Polkadot (DOT) go in the correct path on Wednesday? – InvestorsObserver

Polkadot obtains an average long-term technical rating of 65 from InvestorsObserver’s research based on historical trading patterns. The proprietary scoring system weights price movements for the past few months to a year, analyzes the coin’s support and resistance levels and where it is relative to long-term averages to determine if it is a strong buy-and-hold Investment opportunity. DOT currently has a better long-term technical analysis score than 65% of the cryptos in circulation. This ranking metric is most useful for buy-and-hold investors looking for strong, steady growth in the allocation of their assets. Coins with a high long- and short-term technical score can help indicate assets that have bottomed out and offer investors an opportunity to buy the dip.

InvestorsObserver awards Polkadot a long-term technical rank of 65. Find out what this means for you and get the rest of the leaderboard on Polkadot!

Trade analysis

The current trading price of 29.930000000 for DOT is -6.4700000 (-17.76%) below the 100-day moving average of the coins of 36.400000000. The DOT is now 22.7 billion (261.92%) above its 52-week low of $ 7.23 billion and -25.07 billion (36.24%) below its 52-week high of $ 55.00 billion. The current price of Polkadot versus the long-term average of the coins and the 52-week high and low gives the crypto an average long-term technical rating of 65. The price action and range of the DOT suggest that investors are at this point be neutral towards the coin. Polkadot has a market cap of $ 29,561,398,269.83 and a relatively high average daily volume valued at $ 12,461,554,821.69 of the currency traded over the typical 24 hour period. In the last 24 hours, the volume of DOT exchanged is 1,345,612,366.62, below its seven-day average. The Distributed Software Platform subclass of this coin: A platform is a decentralized infrastructure designed for a specific purpose. These can take the form of exchanges for trading in cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

summary

DOT’s historic trading last year gives it an average long-term technical rating of 65 as price action during that time gave investors reason to be neutral on the coin over the long term. For the full report on Polkadot (DOT), click here.


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