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Ripple price dominated by downward correctional wave - Forecast today - 05-02-2025

Economies.com
2025-02-05 13:04PM UTC

Ripple’s currency price (XPRUSD) edged lower in the intraday levels, while hurt by piercing the main upward trend recently in the short term, with negative pressure due to trading below the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, which helped the price regain its footing, although temporarily, as it also needs to vent off some of that oversold saturation. 

 

Therefore we expect more losses for the price, targeting the pivotal support of $1.99218, provided it settles below the resistance of $2.90550. 

 

Trend forecast for today: Bearish 

 

First Digital price tries to gather positive momentum - Forecast today - 05-02-2025

Economies.com
2025-02-05 13:04PM UTC

First Digital USD currency price (FSUSDUSD) fell in the intraday levels while trying to gather positive momentum to rise anew, amid the dominance of the sideways trend in the medium term, while leaning on the support of the 50-day SMA, with positive signals from the RSI after managing to vent off overbought saturation there. 

 

Therefore we expect the price to return higher and target the pivotal resistance of $1.00173.

 

Trend forecast for today: Likely Bullish 

Merck price skids - Forecast today - 05-02-2025

Economies.com
2025-02-05 11:46AM UTC

Merck & Company’s stock price (MRK) skidded in the intraday levels, and breached the support of the negative technical pattern that is complementary to the main downward trend in the short term, which is the Symmetrical Triangle pattern, with negative pressure due to trading below the 50-day SMA, while a negative divergence forms in the RSI after reaching overbought levels compared to the price’s movements. 

 

Therefore we expect more losses for the stock, targeting the support of $84.60, provided it settles below the pivotal resistance of $95.15.

 

Trend forecast for today: Bearish 

Spotify price soars - Forecast today - 05-02-2025

Economies.com
2025-02-05 11:46AM UTC

Spotify Technology’s stock price (SPOT) rallied in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, while buoyed by trading above the 50-day SMA, accompanied by a surge in trading volumes, with positive signals from the RSI after reaching overbought levels, which could hinder upcoming gains. 

 

Therefore we expect more gains for the stock, targeting the resistance of $708.95, provided the support of $506.47 holds on.

 

Trend forecast for today: Bullish