Polkadot (DOT) Rises 0.67%, Underperforms the Crypto Market Monday
Polkadot ( DOT ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has gained 0.67% to $6.16.
Moderately Volatile
InvestorsObserver gives Polkadot a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won't make or break its rank. DOT's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Polkadot price is favorably positioned going forward. With support at $6.07 and resistance near $6.21. This positions Polkadot with room to run before facing selling pressures.
Read Full Analysis: https://www.investorsobserver.com/news/crypto-update/polkadot-dot-rises-0-67-underperforms-the-crypto-market-monday
Polkadot ( DOT ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has gained 0.67% to $6.16.
Moderately Volatile
InvestorsObserver gives Polkadot a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won't make or break its rank. DOT's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Polkadot price is favorably positioned going forward. With support at $6.07 and resistance near $6.21. This positions Polkadot with room to run before facing selling pressures.
Read Full Analysis: https://www.investorsobserver.com/news/crypto-update/polkadot-dot-rises-0-67-underperforms-the-crypto-market-monday
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