DOT Price Performance and Relative Strength

Polkadot DOT

Current Price

$1.33 -2.12%

$0.0800 Daily Range (6.02%)

$1.28$1.36

$114.00M Daily Volume

1,611 BTC

Vol/MktCap: 5.15%

Support Zone

HTF: 44 (Support Zone)

Market Performance

-1.28% 0.00001879 BTC

-2.25% 0.0006 ETH

-2.13% 1.33 USDT

-2.32% 0.9172 XRP

-1.01% 0.0021 BNB

0.20% Relative BTC Volume

The total volume of Polkadot is $114.00M over the past 24 hours, compared to $56.18B total Bitcoin volume.

Hourly Moving Average

8 SMA $1.30 +2.22%

13 SMA $1.31 +1.57%

21 SMA $1.32 +0.68%

55 SMA $1.34 -1.05%

144 SMA $1.38 -3.39%

+0.66% 1 Hour Change

$1.33 from $1.32

-14.12% 7 Day Change

-$0.1878 from $1.52

-29.19% 14 Day Change

-$0.3883 from $1.72

-36.68% 30 Day Change

-$0.4879 from $1.82

November 4, 2021

$54.98 -97.58%

-$53.65 vs. now

$2.21B Market Cap

31,281 BTC

24H Change

-44.86M USD -1.99%

-634 BTC

Total Supply: 1.66B DOT

1.66B DOT Available

100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

83.24 x BTC Supply

83:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

86.36M DOT traded over past 24 hours

5.19% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Polkadot AI Market Analysis

Polkadot (DOT) is currently trading at $1.30, reflecting a 4.87% decline over the past 24 hours. The price range for the day has been between $1.28 and $1.37, indicating a relatively low volatility of 0.09%.

Trading volume stands at approximately $94.6 million, constituting 4.39% of its market cap. The hourly moving averages indicate a downward trend, with the 8 SMA at $1.32, suggesting short-term bearish sentiment, reinforced by longer-term SMAs trending lower as well.

The 1-hour RSI is at 33, indicating that DOT is nearing oversold conditions, but still lacks momentum for a reversal. The 7-day RSI of 43 signals weakness, while the recent price changes show a significant decline of 14.93% over the week and 29.86% over the past two weeks.

DOT has seen a substantial drop of nearly 39% over the last 30 days, reflecting broader market weakness and declining interest. The cryptocurrency's all-time high remains at $54.98, highlighting the current price's distance from previous peaks and suggesting a long-term bearish trend.

Given the current price action, declining RSI values, and the trend in moving averages, a cautious approach is warranted. The data suggests continued bearish momentum in the short to medium term, leading to a Sell rating for DOT at this time.

Updated 363 minutes ago.