![Why Polkadot’s [DOT] price bounce will not come anytime soon](https://i.headtopics.com/images/2024/5/19/cryptoamb/why-polkadot-s-dot-price-bounce-will-not-come-anyt-why-polkadot-s-dot-price-bounce-will-not-come-anyt-64112FD52F45C838F014FC19DB9B0196.webp)
A significant decrease in its daily trading volume has put Polkadot [DOT] at risk of another decline. Volume is not necessarily an indicator
If the trading volume increases, it means that there is a lot of exchange going on with a token. Conversely, a decline in the metric suggests that interest in a cryptocurrency has decreased.showed that the volume was $137.80 million. This was one of the lowest the project has seen since the second quarter of the year began.
But that was not the case, as rising prices and decreasing volume indicate weakness in the trend. As such, DOT could swing Two days ago, the reading of the metric was 2.20, indicating that more codes have been committed to ensure that Polkadot functions properlyFor some projects, a rise in development activity is a bullish sign for the price. But for DOT, it is not always the case. Sometimes, DOT’s price rises with the metric. Other times, the price does not follow.
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