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Alphabet price tries to vent off overbought saturation - Forecast today - 08-10-2024

Economies.com
2024-10-08 11:18AM UTC

Alphabet’s stock price (GOOD) fell in the intraday levels, while gathering momentum to rise again, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with the stock hurt by exiting the positive technical pattern that formed in the short term, the Falling Wedge pattern, thus the stock leaned on the support of the 50-day SMA.

 

Therefore we expect the stock to return higher, provided the current resistance of $171.00 was reliably breached, thus targeting the next one at $182.35.

 

Trend forecast: Likely Bullish

Tether price suffers from negative pressures - Forecast today - 08-10-2024

Economies.com
2024-10-08 11:35AM UTC

Tether USDt’s currency price fell in the intraday levels, amid negative pressure from trading below the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the sideways short-term trading range. 

 

Therefore we still expect the price to decline and target the support of $0.99854, provided the pivotal resistance of $1.00100 holds on.

 

Trend forecast: Bearish 

Binance Coin price surrounded with positive pressures - Forecast today - 08-10-2024

Economies.com
2024-10-08 11:34AM UTC

Binance Coin’s currency price (BNBUSD) rose in the intraday levels, with support from trading above the 50-day SMA, and amid the dominance of the main upward trend in the medium term, while benefiting from positive signals out of the RSI after it reached oversold levels compared to the price’s movements, hinting at positive divergence. 

 

Therefore we expect more gains for the price, provided the resistance of $598.8 was breached, thus targeting the next pivotal one at $724.7.

 

Trend forecast: Bullish

Solana price leans on SMA support - Forecast today - 08-10-2024

Economies.com
2024-10-08 11:33AM UTC

Solana’s currency price (SOLUSD) stabilized in the intraday levels, while leaning on the support of the 50-day SMA in an attempt to gather positive momentum and regain its footing, amid the dominance of the main upward trend in the medium term, while a positive divergence forms in the RSI after it reached oversold levels compared to the price’s movements. 

 

Therefore we expect the price to rise and target the first resistance at $163.60, provided the support of $139.90 holds on.

 

Trend forecast: Bullish