How Does it Rank Sunday on Long-Term Trading Metrics?

Polkadot receives a strong long-term technical score of 75 InvestorsObserver analysis. Our proprietary scoring system considers trading patterns over the past few months to a year by analyzing a coin’s consistency, volatility and long-term averages to determine whether it is a strong buy and hold opportunity. Currently, DOT has a better long-term technical analysis score than 75% of cryptocurrencies. Long-term investors who employ a buy-and-hold strategy will find the long-term rating particularly relevant to their asset allocation and may find additional value in high short-term technical score hoppers to discover coins that are bottoming out.

Long-term technical - 75

Trade analysis

DOT’s current trading price of $5.440000000 is -$1.3200000 (-19.53%) below the coin’s 100 day moving average of $6.760000000. DOT, meanwhile, is $0.0800000 (-103.75%) above its 52-week low of $5.360000000 and -$38.160000000 (-10.46%) below its 52-week high of $43.600000000. Polkadot’s current price relative to the coin’s long-term average and 52-week high and low gives the crypto a strong long-term technical score of 75. DOT’s price movement and range suggest that investors are currently neutral on the coin. . Polkadot has a market cap of $6,191,780,072.48 and a relatively high average daily volume of $887,951,619.69 worth of currency is traded in a typical 24-hour period. In the last 24 hours, DOT’s volume is below its seven-day average, with 136,834,959.43 exchanged. A subclass of this coin is the distributed software platform: A platform is a decentralized infrastructure designed for a specific purpose. These can take the form of exchanges aimed at cryptocurrency trading, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among others.

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Summary

DOT’s trading results for the past year give it a strong long-term technical score of 75, as the price movement at the time gave investors reason to be neutral on the coin over the long term. Click here to see the full Polkadot (DOT) report.

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