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Monero price leans on SMA support - Analysis - 23-07-2025

Economies.com
2025-07-23 13:46PM UTC
AI Summary
  • Monero price has found support at the 50-day SMA and is expected to rise in upcoming intraday sessions, targeting a resistance level at 372.00
  • Short-term trend remains upward with bullish divergence forming in the Relative Strength Index
  • BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for various markets starting at €44/month

Monero (XMRUSDT) declined in its recent intraday trading, finding support at the 50-day SMA as it attempts to gather positive momentum for a potential rebound. The short-term trend remains upward, and a bullish divergence is starting to form in the Relative Strength Index after reaching extremely oversold territory relative to price action, with early signs of a positive crossover emerging.

 

Therefore we expect the price to rise in upcoming intraday sessions, as long as support at 301.50 holds, targeting the resistance level at 372.00.

 

Today’s price forecast: Bullish.

 

 

 

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ASML price deepens losses - Forecast today - 23-07-2025

Economies.com
2025-07-23 13:36PM UTC

ASML Holding N.V. (ASML) continued its decline in recent intraday trading, pressured by sustained negative momentum from trading below the 50-day SMA. The stock was also impacted by an earlier breakdown from a short-term ascending price channel, which had previously guided its movement. This latest drop saw the stock break below the key support level at $716.80. However, a potential bullish crossover is beginning to appear in the Relative Strength Index after reaching deeply oversold territory, which may slightly limit further losses.

 

Therefore we expect the stock to continue declining in upcoming sessions, as long as it remains below $716.80, targeting the next support level at $666.60.

 

Today’s price forecast: Bearish.

 

 

 

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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025

Gamestop price retests pivotal resistance - Forecast today - 23-07-2025

Economies.com
2025-07-23 13:36PM UTC

GameStop Corporation (GME) experienced a volatile session in recent intraday trading, following a retest of the key resistance level at $24.50, which held firm and triggered renewed downward pressure. The stock remains under the influence of a steep short-term corrective downtrend, with continued negative pressure from trading below the 50-day SMA. Additionally, the Relative Strength Index has reached extremely overbought territory relative to price action, suggesting the early formation of a bearish divergence.

 

High-Risk Warning: GME is part of the “meme stocks” group, which are often subject to heavy speculative trading. As a result, its price movements can frequently defy technical expectations or financial reports and may be highly unpredictable.

 

Therefore we expect the stock to decline in upcoming sessions, as long as the $24.50 resistance level holds, targeting the support level at $20.75.

 

Today’s price forecast: Bearish.

 

 

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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025

Pinduoduo price extends gains - Forecast today - 23-07-2025

Economies.com
2025-07-23 13:35PM UTC

Pinduoduo Inc (PDD) extended its gains in recent intraday trading, supported by dynamic momentum from trading above its 50-day SMA. This helps stabilize the prevailing short-term corrective uptrend, as the stock continues to move along a supportive ascending trendline. Additionally, the Relative Strength Index is showing bullish signals, despite being in extremely overbought territory.

 

Therefore we expect the stock to rise in upcoming sessions, as long as support at $108.70 holds, targeting the key resistance level at $123.00.

 

Today’s price forecast: Bullish.

 

 

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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025