Toncoin (TONUSD) declined in its latest intraday trading, as continued negative pressure from trading below the 50-day simple moving average reinforces the strength and dominance of the main bearish trend, with the price moving along a short-term downward sloping line. However, we note the beginning of bullish signals emerging on the RSI after reaching oversold levels, which could temporarily limit further downside movement in the near term.
Therefore, we expect the cryptocurrency to fall in upcoming trading sessions, as long as resistance holds at 2.8778, targeting the key support level of 2.6126.
Today’s price forecast: Bearish.
Tron (TRXUSD) inched slightly higher in its latest intraday trading, attempting to recover part of its previous losses while also unwinding some of the oversold conditions on the RSI, especially with early bullish signals starting to appear. However, the price remains under a sideways trend in the short term, with ongoing negative pressure from trading below the 50-day simple moving average, which limits the likelihood of a sustained recovery in the near term.
Therefore, we expect the cryptocurrency to decline in upcoming trading sessions, as long as resistance holds at 0.34718, targeting the key support level of 0.32984.
Today’s price forecast: Bearish.
Autodesk (ADSK) declined in its latest intraday trading after holding below the key resistance level of 326.60, as the stock attempts to build the positive momentum needed to break through this strong barrier. The ongoing dynamic support from trading above the 50-day simple moving average reinforces the stability of its short-term bullish trend, especially with the stock’s movement along an upward sloping line. Additionally, RSI indicators are showing renewed bullish signals after reaching oversold levels, supporting the potential for a rebound.
Therefore, we expect the stock to rise in upcoming trading sessions, as long as support holds at 307.25, aiming to retest the resistance level of 326.60 in preparation for a possible breakout.
Today’s price forecast: Bullish.
PayPal Holdings (PYPL) continued to rise in its latest intraday trading after successfully overcoming the negative pressure from the 50-day simple moving average, which provided fresh positive momentum to extend its gains. This advance was supported by bullish signals on the RSI, despite it reaching overbought levels, and was accompanied by a noticeable increase in trading volumes. The stock remains under the dominance of a short-term corrective uptrend, moving along an upward sloping line.
Therefore, we expect the stock to rise in upcoming trading sessions, as long as it remains above 70.70, targeting the key resistance level of 79.50.
Today’s price forecast: Bullish.