Polkadot receives a strong long-term technical score of 82 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
DOT currently holds a superior long-term technical analysis score than 82% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Polkadot’s price is -$0.6700000 (-12.02%) below its 100-day moving average price of $5.580000000 as its price at the moment sits at $4.910000000. Additionally, DOT is $0.6700000 (-143.75%) higher than its 52-week low price of $4.240000000 while -$23.51000000 (-17.93%) under its 52-week high of $28.420000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives DOT a strong long-term technical score of 82. Long-term trading movement of Polkadot suggest that investors are neutral on the coin at the moment.
Polkadot has a total market value of $5,722,753,682.32 with an high average daily volume of $1,907,851,451.29 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DOT’s volume is below its average with $249,973,836.02 exchanged in total.
This coin’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Technical analysis of Polkadot over the past year results in the crypto receiving a a strong long-term technical score of 82 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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