Zcash (ZECUSD) traded within a narrow range during recent intraday trading as the cryptocurrency remained under the control of a short-term bearish corrective trend, with price action continuing to follow a descending trendline that reinforces the prevailing downside bias. Selling pressure also persists as the price continues to trade below its 50-period Simple Moving Average (SMA), reducing the prospects for a sustained recovery in the near term. Meanwhile, momentum indicators have started to form a bearish crossover after reaching excessively overbought levels relative to the price action, suggesting the emergence of a bearish divergence that adds further downside pressure.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $526.65 remains intact. Under this scenario, the price is expected to target the next support level at $491.50.

Today's price forecast: Bearish.

MicroStrategy (MSTR) moved lower in recent intraday trading as the stock remained under the control of the primary medium-term downtrend, with price action continuing to follow a descending trendline that reinforces the prevailing bearish trend. Selling pressure also persists as the stock continues to trade below its 50-day Simple Moving Average (SMA), reducing the likelihood of a sustained recovery in the near term. Meanwhile, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock's price action, with a bearish crossover also starting to emerge, adding to the negative technical outlook.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $117.75 remains intact. Under this scenario, the stock is expected to target the support level at $81.80.

Today's price forecast: Bearish.

Merck & Company, Inc. (MRK) advanced in recent intraday trading, supported by continued trading above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the stability of the primary short-term uptrend. Price action also continues to move alongside an ascending trendline that supports the prevailing bullish trend. Meanwhile, momentum indicators have started generating fresh bullish signals after reaching extremely oversold levels, providing additional momentum that could support further gains.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $123.00 remains intact. Under this scenario, the stock is expected to target the next resistance level at $135.80.

Today's price forecast: Bullish.

Spotify Technology (SPOT) moved lower in recent intraday trading after once again failing to break above the key resistance level at $488.80. The stock remains under the control of the primary medium-term downtrend, with price action continuing to follow a descending trendline that reinforces the prevailing bearish trend. Meanwhile, momentum indicators continue to generate bearish signals after reaching extremely overbought levels, adding to the negative pressure surrounding the stock and increasing the risk of further weakness in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $488.80 remains intact. Under this scenario, the stock is expected to target its first support level at $453.50.

Today's price forecast: Bearish.