Cardano (ADAUSD) declined in its recent intraday trading, under the influence of a short-term corrective downtrend and trading along a descending trendline. The asset remains under continued bearish pressure from trading below the 50-day simple moving average. Additionally, a bearish crossover has started to appear in the Stochastic after reaching extremely overbought territory relative to price movement, indicating the formation of a bearish divergence and further reinforcing the surrounding negative pressure.
Therefore, we expect the price to decline in upcoming intraday sessions, as long as resistance at $0.8146 holds, targeting the key support level at $0.6883.
Today’s price forecast: Bearish.
EOS (EOSUSDT) held steady at a lower level in its recent intraday trading, under the control of a prevailing short-term downtrend and trading along a descending trendline that supports this direction. The price continues to face dynamic resistance from remaining below the 50-day simple moving average. The latest decline followed earlier movement that successfully relieved its clearly oversold Stochastic conditions, giving the asset more room to extend its losses.
Therefore, we expect the price to decline in upcoming sessions, as long as resistance at 0.6280 holds, targeting the key support level at 0.4454.
Today’s price forecast: Bearish.
Oklo (OKLO) stock resumed its rise in recent intraday trading, after successfully relieving part of its clearly overbought Stochastic conditions, giving the stock more room to extend its gains. The stock remains under the control of a dominant upward trend, trading along a short-term ascending trendline that supports this direction, with continued positive pressure from staying above the 50-day simple moving average, reinforcing the stability of the bullish path.
Therefore, we expect the stock to rise in upcoming sessions, as long as support at $59.14 holds, targeting the resistance level at $85.00.
Today’s price forecast: Bullish.
Meta Platforms, Inc (META) stock declined in its recent intraday trading, amid bearish signals emerging from the Stochastic, accompanied by a noticeable increase in trading volume. With this pullback, the stock appears to be searching for a higher low that could serve as a base for regaining positive momentum. The recent decline found support at the 50-day simple moving average, while the stock remains under the control of a prevailing short-term uptrend.
Therefore, we expect the stock to rise in upcoming sessions, as long as support at $662.70 holds, targeting the key resistance level at $740.90.
Today’s price forecast: Neutral.