MicroStrategy price receives some support - Forecast today - 29-10-2026

Merck & Co. (MRK) declined in recent intraday trading, weighed down by an earlier breakdown below a minor short-term ascending trendline. The stock also continues to face negative pressure from trading below its 50-day Simple Moving Average (SMA), which is intensifying the bearish pressure and raising the prospects for further losses in the near term. Meanwhile, momentum indicators continue to generate bearish signals after previously reaching extremely overbought territory, further reinforcing the negative outlook.

Spotify Technology (SPOT) extended its losses in recent intraday trading as the stock attempts to establish a higher low that could serve as a base for rebuilding the positive momentum needed to recover and resume its upward trajectory. At the same time, the stock is attempting to work off its overbought conditions on the momentum indicators, which continue to generate bearish signals.

Ethereum (ETHUSD) prices posted modest and cautious gains in their latest intraday trading, amid continued negative pressure from trading below EMA50, which acts as dynamic resistance, reinforcing the dominance and stability of the main short-term downtrend. This is particularly evident as prices move along a trend line supporting this bearish trajectory, signaling the possibility of a renewed decline in the near term, especially with negative signals emerging from the relative strength indicators.