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IOTA price dominated by downward correctional wave - Analysis - 24-07-2025

Economies.com
2025-07-24 12:40PM UTC
AI Summary
  • IOTA price is currently experiencing a downward correctional wave, influenced by a steep short-term downtrend and trading below the 50-day SMA
  • Bullish signals are emerging from the Relative Strength Index, indicating a slight stabilization in price in an attempt to recover losses
  • The price is expected to decline further in upcoming intraday sessions, especially if it breaks below the current support level at 0.1994, targeting the next support level at 0.1811.

IOTA (IOTAUSDT) held steady at a low level in its recent intraday trading, under the influence of a steep short-term corrective downtrend, following an earlier break of an ascending trendline. The price remains under negative pressure from continued trading below the 50-day SMA. However, bullish signals are beginning to emerge from the Relative Strength Index after it reached deeply oversold territory, helping the price stabilize slightly in an attempt to recover some of its losses.

 

Therefore we expect the price to decline in upcoming intraday sessions, especially if it breaks below the current support at 0.1994, targeting the next support level at 0.1811.

 

Today’s price forecast: Bearish.

 

 

 

 

 

 

Goodyear price readies to tackle pivotal resistance - Forecast today - 24-07-2025

Economies.com
2025-07-24 12:33PM UTC

The Goodyear Tire & Rubber Company (GT) rose in its recent intraday trading, positioning itself to challenge the key resistance level at $11.65. The stock remains under the influence of a short-term corrective uptrend, trading along a supportive ascending trendline. Bullish signals are also emerging from the Relative Strength Index, while continued trading above the 50-day SMA provides dynamic support that reinforces the stock’s upward momentum.

 

Therefore we expect the stock to rise in upcoming sessions, especially if it breaks above the $11.65 resistance level, targeting the next resistance at $13.25.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

SalesForce price bumps into SMA resistance - Forecast today - 24-07-2025

Economies.com
2025-07-24 12:33PM UTC

Salesforce (CRM) advanced in its recent intraday trading, driven by bullish signals from the Relative Strength Index. The stock’s latest rise brought it up to test resistance at the 50-day SMA, coinciding with a retest of a short-term descending trendline. This confluence reinforces the strength of this zone as a potential resistance that may limit further upward movement.

 

Therefore, as long as the $276.80 resistance level holds, we expect the stock to decline in upcoming sessions, targeting the key support level at $254.50 in preparation for a potential breakdown.

 

Today’s price forecast: Bearish.

 

 

 

 

 

 

 

Take-Two Interactive price seeks a supportive bottom - Forecast today - 24-07-2025

Economies.com
2025-07-24 12:32PM UTC

Take-Two Interactive Software, Inc (TTWO) declined in its recent intraday trading, under continued negative pressure from trading below the 50-day SMA. The stock appears to be searching for a higher low that could serve as a base for renewed upward momentum. It remains within a medium-term uptrend, moving along a supportive ascending trendline. Additionally, the Relative Strength Index has reached extremely oversold levels relative to the stock's movement, with early signs of a bullish divergence beginning to form as a positive crossover emerges.

 

Therefore we expect the stock to rise in upcoming sessions, provided support at $222.00 holds, targeting the key resistance level at $245.00.

 

Today’s price forecast: Bullish.