Solana (SOLANA) advanced in its latest intraday trading after stabilizing at the key support level of 191.55$, which provided some positive momentum helping it achieve recent gains. Positive signals have begun to appear from the relative strength indicators after reaching oversold areas. However, ongoing negative pressure from trading below the 50-day SMA reduces the chances of a near-term recovery, while the short-term corrective bearish trend remains dominant, with trading along a descending line that supports this path.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks below the mentioned support level of 191.55$, targeting the next support level at 175.95$.
Today’s price forecast: Bearish.
WLD (WLDUSD) showed narrow sideways movements in its latest intraday trading, under continued negative pressure from trading below the 50-day SMA and within the dominance of the main short-term bearish trend, moving along a descending line. However, positive signals are appearing from the relative strength indicators, which have helped limit the cryptocurrency’s decline over the past period.
Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of 1.16815322 holds, targeting the key support level of 0.85800989, with strong chances of breaking below it.
Today’s price forecast: Bearish.
C3.ai, Inc (AI) stock advanced slightly in its latest intraday trading, under the influence of a short-term corrective bullish wave and supported by continued trading above the previous 50-day SMA, which provides dynamic support that reinforces the positive outlook around the stock. This comes alongside the formation of a positive divergence on the relative strength indicators after reaching excessively oversold levels compared to the price movement, with positive signals starting to appear from them.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above 18.64$, targeting the resistance level of 23.75$.
Today’s stock forecast: Bullish.
Advanced Micro Devices Inc (AMD) stock jumped higher in its latest intraday trading, under the dominance of the main short-term bullish trend and trading along an ascending line that supports this path. Continuous positive pressure is maintained from trading above the previous 50-day SMA, while a bullish crossover has started to appear on the relative strength indicators after the stock successfully corrected its overbought levels. This strengthens the prospects for extending gains in the near term.
Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 203.00$ holds, targeting the resistance level of 265.00$.
Today’s stock forecast: Bullish.