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Algorand price collects profits - Analysis - 08-08-2025

Economies.com
2025-08-08 13:07PM UTC
AI Summary
  • Algorand's price has declined slightly as it attempts to collect profits after recent gains and work off overbought signals
  • The price is supported by trading above the 50-day SMA and a short-term bullish technical pattern, the falling wedge
  • The price is expected to rise during upcoming intraday trading as long as it remains above the support level at $0.2525, targeting the resistance level at $0.2880.

Algorand’s price (ALGOUSD) declined slightly in its latest intraday movement, as it attempts to collect profits after recent gains and work off the clear overbought signals seen in the Stochastic indicator, especially with the emergence of a negative crossover. However, the overall outlook remains supported by trading above the 50-day SMA, along with a short-term bullish technical pattern — the falling wedge.

 

Therefore we expect the price to rise during upcoming intraday trading, as long as it remains above the support level at $0.2525, targeting the resistance level at $0.2880.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

Hedera Hashgraph price tries to vent off overbought saturation - Analysis - 08-08-2025

Economies.com
2025-08-08 13:06PM UTC

Hedera Hashgraph’s price (HBARUSD) declined slightly in its latest intraday movement, while remaining under the influence of a short-term upward trend and trading along a supportive rising trendline. The price continues to receive positive pressure from holding above the 50-day SMA, with the current dip reflecting profit-taking after earlier gains. Meanwhile, the Relative Strength Index shows the beginning of negative signals, helping the asset shed its overbought status.

 

Therefore we expect the price to rise during upcoming intraday trading, as long as support remains steady at $0.24571, targeting the resistance level at $0.27904.

 

Today’s price forecast: Bullish.

 

 

 

 

3M price tries to shake off negative pressure - Forecast today - 08-08-2025

Economies.com
2025-08-08 12:59PM UTC

3M Company's stock price (MMM) rose in its latest intraday trading, driven by positive signals from the Relative Strength Index and supported by a medium-term upward trend, as the stock continues to trade along a rising trendline. This latest advance enabled the stock to break above the resistance of its 50-day simple moving average — a key move that helps neutralize prior downside pressure and strengthens the outlook for further gains.

 

Therefore, we expect the stock price to rise in upcoming sessions, as long as support holds at $141.35, with the next target at the $164.00 resistance level.

 

Today’s price forecast: Bullish.

 

 

 

 

 

Coinbase price receives some support - Forecast today - 08-08-2025

Economies.com
2025-08-08 12:58PM UTC

Coinbase Global's stock price (COIN) advanced in its latest intraday trading, supported by a bounce from a short-term ascending trendline that provided positive momentum. This upward move coincided with the Relative Strength Index reaching deeply oversold levels, suggesting a potential bullish divergence, especially as early positive signals begin to appear. The stock is also attempting to overcome negative pressure from the 50-day simple moving average.

 

Therefore, we expect the stock price to rise in upcoming sessions, provided support at $293.30 holds, targeting the resistance level of $365.75.

 

Today’s price forecast: Bullish.