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FX.co ★ Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday December 29, 2023.

Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday December 29, 2023.

Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday December 29, 2023.

On the 4 hour chart of Polkadot cryptocurrency, the price movement seems below WMA 20 where this is means that Polkadot is moving on the weak condition, where this is confirmed by the CCI indicator movement that manages to breaks below the 3 main levels (100,0,-100) so that based on those facts, as long as there is no upward correction movement above which exceed the level 9.0125 then Polkadot will move below to the level 8,0281 as the main target and if momentum as well as the volatility quite supporting then the level 8,5952 will be the next target to be aimed of.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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