Is Polkadot oversold?
As of December 18, 2024, Polkadot (DOT) is trading at approximately $8.19.
The Relative Strength Index (RSI) for $DOT is around 52.26, indicating a neutral position.
An RSI value below 30 typically suggests an oversold condition, while a value above 70 indicates overbought conditions.
Therefore, with the current RSI, $DOT is neither oversold nor overbought.
Other technical indicators, such as the Stochastic Oscillator (STOCH) at 28.59, also suggest a neutral stance.
It’s important to fall back to your risk management approach considering the neutral stance of the #market now.