Polkadot (DOT) Falls 0.01%, Underperforms the Crypto Market Saturday

24 December 2022

in DOT

Reading Time: 2 mins read

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 fallen 0.65% to $4.46.

InvestorsObserver is giving Polkadot a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polkadot!

Low Volatility

InvestorsObserver gives Polkadot a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

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The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.

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DOT’s low volatility reading is coupled 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 well positioned going forward. With support at $4.42 and resistance near $4.49. This positions Polkadot with room to run before facing selling pressures.

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.