Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has fallen 0.98% to $6.41.
Moderately Volatile
InvestorsObserver gives Polkadot a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
DOT’s moderate volatility reading pairs 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 well positioned going forward. With support near $6.31 and resistance set at $6.46. 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.
