02.08.202407:35 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday August 02, 2024.

Although the condition of the Polkadot cryptocurrency is still under Seller pressure on its 4-hour chart, this is confirmed by the Polkadot price movement which is moving below the EMA 20 & EMA 50 and is in the Bearish channel, but with the appearance of deviations between the Polkadot price movement which forms a Lower Low with the Awesome Oscillator indicator which makes a Lower High, in the near future this cryptocurrency has the potential to be corrected to strengthen up to the level of 5.5367 if it is successfully broken upwards, Polkadot has the potential to continue its strengthening to the level of 5.7210, but if on its way to these targets Polkadot suddenly returns to its initial bias again until it breaks below the level of 5.0180, then all the strengthening correction scenarios that have been described previously will be invalid and canceled by themselves.

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