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With the condition of the Stochastic Oscillator indicator which is already above the Overbought level (80) even though it is currently still moving above the WMA (30 Shift 2) which indicates that the bias is still Bull, but based on the condition of the Stochastic Oscillator, it indicates that in the near future Polkadot has the potential to experience a weakening correction to the level of 4.0733. But as long as it does not break through and close below the level of 3.9248, Polkadot still has the potential to strengthen again to the level of 4.5157 and if the momentum of strengthening and volatility support it, 4.6154 will be the next target for the cryptocurrency.
(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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