Polkadot (DOT) has a Bullish Sentiment Score, is Rising, and Underperforming the Crypto Market Tuesday: What’s Next?

Polkadot (DOT) gets a bullish rating from InvestorsObserver Tuesday. The crypto is up 3.04% to $8.12 while the broader crypto market is up 5.73%.

Bullish

Over the last five days, Polkadot has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Polkadot over the past five days by volume and price movement.

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The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Polkadot is currently trading near its five-day high of $8.23018839259413. The crypto is 1.34% off its five-day high and is 11.99% higher than its five-day low of $7.25.

Polkadot price is trading near resistance. With support set around $7.61 and resistance at $8.12, could face selling pressures soon.

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Polkadot has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

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