FX.co ★ Technical Analysis of Daily Price Movement of Polkadot Cryptocurrency, Friday January 19 2024.

Meanwhile, on the daily chart, the Polkadot cryptocurrency is in a weakening condition, which is indicated by its price movement moving below its WMA 30 shift 2, but with the appearance of the Bullish Flag pattern and hidden deviations between price movements and the Stochastic Oscillator indicator, this gives an indication that in the next few days has the potential to appreciate up to the level of 8.5735 as the main target and if the momentum and volatility support it then it is not impossible that the level of 9.5739 will be reached but if it turns out that on its way to these targets Polkadot weakens again until it penetrates below the level of 63361 then the strengthening scenario that has been described previously will become invalid and cancel itself.

(Disclaimer)