Evening update for EURUSD-30-03-2026

Cardano (ADAUSD) price continued to rise during its latest intraday trading, as the price attempts to correct the main downward trend, moving along a short-term minor upward trend line that supports this move. However, negative pressure persists as the price remains below its 50-day simple moving average, limiting the chances of a sustained recovery in the near term. Meanwhile, the Relative Strength Index has reached heavily overbought levels, in an exaggerated manner compared to price action, signaling a rapid weakening in positive momentum.

Ethereum (ETHUSD) extended its gains during recent intraday trading, reaching the resistance of EMA50, supported by positive signals from the relative strength indicator, However, it entered heavily overbought territory, excessively compared to price action, raising the risk of a bearish reversal.

Spotify Technology (SPOT) stock price declined during its latest intraday trading, amid the dominance of the main downward trend in the short term, as it moves along a supporting trend line for this path. The stock is also facing continued negative pressure as it trades below its 50-day simple moving average, which limits the chances of a full recovery in the near term, especially with ongoing negative signals from the Relative Strength Index, despite its stability in deeply oversold territory.