1
Block stock price showcased a V shaped rebound in the recent sessions.
2
Buyers have accumulated the stock and are willing to surpass $80.
Block Inc. (NYSE: SQ) stock witnessed a sharp rebound from the lows of $40 and healed over 80% in the past weeks. However, the massive buying momentum is finally taking a nap, and gain-sharing activity was witnessed in the last sessions. Meanwhile, the stock is revealing a retracement move amid the uptrend. Recently, the stock has retested the supply zone of $80 but failed to surpass it and faced rejection.
SQ stock is trading above the 100-day and 200-day EMA and is trying to overtake the 20-day EMA mark to regain strength. Moreover, the price action indicates neutrality, and the stock has made a tweezer bottom candlestick on the 100-day EMA, which breaks the selling pressure. Additionally, the trend is intact, and buyers may lift the stock again above $70 soon.
At the close of Friday’s session, SQ stock was at $
We współpracy z: https://www.thecoinrepublic.com/2024/01/21/block-nyse-sq-price-prediction-will-sq-stock-surpass-80/
