Polkadot receives a strong long-term technical score of 92 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 92% 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’.
DOT is currently $0.5300000 (6.00%) above its 100-day moving average price of $8.800000000 with its current price of $9.330000000. Meanwhile, Polkadot is $3.2300000 (-27.46%) above its 52-week low price of $6.090000000 and -$45.68000000 (-1.22%) below its 52-week high of $55.000000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 92. Trends for the long-term trading history of Polkadot suggest that traders are currently neutral on the coin.
Polkadot currently has a total market cap of $10,315,373,811.00 to go along with its average daily volume of $5,643,431,721.15 worth of the currency over the past seven days. DOT’s volume is below its seven day average as of the past 24 hours, with 720,966,476.10 exchanged in that period.
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.
DOT’s historical trading over the past year gives it a a strong long-term technical score of 92 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.