Super Micro Computer’s stock price (SMCI) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, while the stock prepares to breach the current support of $503.30, with negative divergence forming in the RSI after reaching overbought levels compared to the stock’s movements, thus sending out negative signals. 

Therefore we expect more losses for the stock, targeting the support of $357.00, provided the initial support of $503.30 was reliably breached. 

Trend forecast: Bearish 

Litecoin’s currency price (LTCUSD) inched up in the intraday levels while recouping some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from trading below the 50-day SMA, countered with positive signals from the RSI.

Therefore we expect the price to decline and target the pivotal support of $55.20, provided the resistance of $69.00 holds on.

Trend forecast: Bearish 

Stellar’s currency price (XLMUSD) edged down in early trading today, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels, as the stock also suffers from negative pressure due to trading below the 50-day SMA. 

Therefore we expect the price to drop and target the pivotal support of $0.083458, provided the resistance of $0.103666 holds on.

Trend forecast: Bearish 

Avalanche’s currency price (AVAXUSD) moved alongside the downward secondary trend line in the short term, and moved passed the support of the 50-day SMA, thus doubling negative pressures, especially as a negative divergence formed in the RSI after reaching overbought levels, with negative signals coming out of it. 

Therefore we expect the price to decline and target the pivotal support of $19.50, provided it settles below the resistance of $28.00.

Trend forecast: Bearish