Polkadot Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Polkadot's (CRYPTO: DOT) price has decreased by 3.33% over the past 24 hours to $5.26, despite a 2.0% increase over the past week. The volatility of the coin is depicted through Bollinger Bands in the provided chart. Trading volume has risen by 2.0% and the circulating supply has slightly increased to 1.30 billion. Polkadot currently ranks #15 in market cap at $6.80 billion.
November 17, 2023 | 7:00 pm
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NEGATIVE IMPACT
Polkadot (DOT) has seen a 3.33% price drop in the last 24 hours, despite a weekly uptrend. The increase in trading volume and circulating supply may influence short-term price movements.
The immediate price drop of 3.33% is a significant short-term movement that is likely to influence investor sentiment negatively. However, the increase in trading volume and a slight uptick in circulating supply could indicate ongoing interest and potential for recovery, which tempers the negative impact slightly.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100