Zcash (ZECUSD) rose in its latest intraday trading, attacking the key resistance level of 176.00, under the control of a short-term bullish trend and trading along an upward-sloping line supporting this trajectory. The price continues to receive positive momentum from trading above the 50-period simple moving average, which enhances the likelihood of breaking that resistance — especially with the RSI showing fresh bullish signals after reaching deeply oversold levels.
Therefore, we expect the cryptocurrency to rise in the coming sessions, particularly if it breaks above the mentioned resistance of 176.00, targeting the next resistance level at 204.00.
Today’s price forecast: Bullish.
Flow (FLOWUSDT) rose in its latest intraday trading, under the control of a short-term corrective bullish wave, supported by the dynamic backing of trading above the 50-period simple moving average, which reinforces the stability of this positive trend. We also notice the beginning of a positive crossover in the RSI after it reached oversold levels.
Therefore, we expect the cryptocurrency to rise in upcoming trading sessions, provided that support holds at 0.368, to target the key resistance level of 0.393.
Today’s price forecast: Bullish.
MicroStrategy (MSTR) showed choppy movement in its latest intraday trading after encountering resistance at its 50-day simple moving average, coinciding with a test of the key resistance level at 358.50. This exposure to selling pressure weakened the bullish momentum that had surrounded the stock in recent sessions, even as it broke a short-term descending trendline and received positive signals from the RSI. The stock is currently attempting to regain upward momentum that could help it overcome these negative pressures.
Therefore, our outlook leans toward a potential rise in the stock’s price in upcoming trading sessions, but only after breaking above the mentioned resistance at 358.50, targeting the next resistance level at 394.00.
Today’s price forecast: Neutral.
Merck & Company, Inc. (MRK) edged lower in its latest intraday trading, taking profits from its previous gains and attempting to unwind some of its overbought conditions on the RSI, especially after a negative crossover began to form. This pause may allow the stock to gather fresh bullish momentum that could help it resume its strong upward movement, as the short-term corrective uptrend remains intact with trading along a supporting trendline. Moreover, the presence of dynamic support from the 50-day simple moving average continues to enhance recovery prospects.
Therefore, we expect the stock to rise in upcoming trading sessions, as long as it remains above 85.20, targeting the key resistance level at 97.35.
Today’s price forecast: Bullish.