Polkadot receives an average long-term technical score of 59 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, DOT holds a superior long-term technical analysis score than 59% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
The current trading price of $29.320000000 for DOT is -$7.3700000 (-20.08%) below the coins 100-day moving average of $36.690000000.DOT meanwhile is $24.3700000 (369.97%) above its 52-week low of $4.950000000 and -$25.68000000 (35.13%) under its 52-week high price of $55.000000000. Polkadot’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 59. The price movement and range of DOT suggest that investors are neutral on the coin at this time.
Polkadot has a market capitalization of $28,957,178,812.82 and a relatively high average daily volume with $7,044,048,353.59 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, DOT’s volume is below its seven day average with 1,087,960,599.17 exchanged.
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.
Summary
Trading patterns over the last year for Polkadot leads to the coin’s an average long-term technical score of 59 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
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