On Tuesday, US natural gas price extended losses from the previous session in reaction to forecasts of warmer weather in most parts of the country. Near-record output and ample inventories have further fueled the pullback, even as the bulls remain in control. Meanwhile, European prices are under selling pressure as investors weigh the prospects of a peace deal and subsequent easing of Russian sanctions.  

Europe Vs US natural gas prices: The paradox that lies within

This time of the year is usually marked by higher natural gas prices as investors price in increased warming demand during the Northern Hemisphere’s winter season. In fact, weather forecast is one of the bullish factors that bolstered US natural gas prices to a three-year high late last week. Besides, record LNG exports to Europe have fueled the months-long rally. 

While the short-term outlook remains positive, investors appear to weigh on whether the recent surge is the onset of a larger bullish trend or just a weather-driven spike that will soon fade. Indeed, this dilemma, coupled with the expected profit-booking, explains the pullback recorded since the start of the week.

According to the updated weather forecast, most parts of the US are expected to experience warmer temperatures in the near term. Atmospheric G2 has indicated that the eastern and southern US will be colder for the period between 18th and 22nd December, while other regions remain warmer.      

In its latest weekly report, EIA highlighted a draw of 12 Bcf compared to the expected 15 Bcf. Subsequently, the surplus surged from 160 Bcf to 191 Bcf. In addition to the ample amount of natural gas in storage, the near-record output is weighing on the prices.

Nonetheless, steady LNG exports continue to offer support to US natural gas prices while exerting selling pressure in the European market. In the current month, the natural gas flows to the eight major LNG export plants within the US are averaging at 18.9 Bcf/per day compared to the monthly record high hit in November at 18.2 Bcf/per day.

 Meanwhile, prospects of a peace deal that could see the return of Russian gas have pushed the benchmark for European prices, Dutch TTF, to the lowest level since April 2024. 

US natural gas price technical analysis

Late last week, the Henry Hub natural gas futures rallied to a three-year high at $5.50 per MMBtu as it marked seven consecutive weeks of gains. Since late September, it has recorded higher highs and higher lows as a positive demand outlook fuels the bullish sentiment. 

On Tuesday, it extended losses from the previous session, having pulled back below the psychologically crucial zone of $5.00. At the time of writing, the US natural gas was trading at $4.81. 

Despite the pullback, the bulls are still in control as the asset continues to trade above the 25 and 50-day EMAs. Indeed, the decline can be perceived as a cool-off rather than trend reversal.

In the immediate term, the range between Monday’s intraday high of $5.20 and the resistance-turn-support zone of $4.70 will be worth watching. Below that zone, the bulls will be keen on defending the crucial support at $4.50 as they gather enough momentum for a rebound. On the flip side, a bounceback past the range’s upper limit will give buyers a chance to retest the 3-year high at $5.50.

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GLD gold ETF ended last week in the red as Treasury yields edged higher ahead of the highly anticipated December Fed meeting. Despite the differing opinions among the US central bank officials, investors have become increasingly confident that the Fed will announce a quarter-basis-point interest rate cut during the meeting slated for 9th-10th December. 

Beyond that decision, financial markets will be keen on the FOMC statement for cues on what lies ahead. At the time of writing, the bullion was trading at $4,197 an ounce as the bulls lacked enough momentum to sustain its intraday move above the crucial zone of $4,250. 

Gold price analysis ahead of Fed meeting

A weaker US dollar, higher Treasury yields, and a wait-and-see approach have sustained gold price within a tight range in recent sessions as financial markets eye the last Fed meeting of the year. 

In past meetings, the central bank has maintained that its decisions will be informed by the released economic data. However, following the prolonged US government shutdown, the picture of the country’s economy is rather incomplete.

Even so, investors are increasingly confident that the Fed will lower interest rates by 25 basis points at the upcoming meeting. Beyond that decision, the focus will be on the central bank’s statement regarding the coming months. A hawkish tone would limit gold’s upside potential while strengthening the US dollar. 

At the same time, investors are already assessing the drivers in the coming year. In its forecast for 2026, the World Gold Council (WGC) notes that economic uncertainties and market volatility will continue to impact gold prices. The council paints three possible scenarios, which include an intense global downturn, slight slipping of the US labor market, or Trump’s unorthodox policies sparking stronger-than-expected growth. 

In the first two instances, a slowing US job market and easing consumer activity may push policymakers to lower interest rates further. Additionally, central bank buying, a softer US dollar, and a Fed Chair who favors lower interest rates, may bolster gold price to new highs. 

In contrast, signs that Trump’s policies are fueling higher-than-expected economic growth would strengthen the US dollar while lowering the precious metals’ safe-haven appeal.  

GLD ETF technical analysis

GLD gold ETF recorded a weekly loss after trading in the green over the past three weeks. It has ended in the red for four out of this week’s five trading sessions despite the steady support. 

A look at its daily chart shows the ETF still trading above the short-term 25-day EMA as the outlook remains positive. Notably, that level coincides with the middle Bollinger band. This further supports the thesis that the prices will likely continue to trade above that zone, at least in the immediate term. 

As such, the range between that support level at $380 and the resistance along the upper Bollinger band at $392 will be worth watching. With further rebounding, GLD gold ETF will likely face resistance at $397 as the bulls fail to attract enough buyers to retest the all-time high hit in late October. On the flip side, I expect $372 to remain a steady support zone despite the improved risk appetite.

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Broadcom stock price has been in a strong bull run this year as it became one of the top beneficiaries of the booming artificial intelligence (AI) industry. AVGO has soared by nearly 70% this year, bringing its market capitalization to over $1.84 trillion. This article explores whether it is a good stock to buy ahead of its earnings this week.

Broadcom stock is benefiting from the AI tailwinds 

The AVGO stock price has been in a strong uptrend this year as it emerged as one of the main beneficiaries of the AI industry.

The company reached a deal with OpenAI that will see it develop its custom chips as the latter expands its data centers beyond Nvidia. The deal positioned Broadcom as a crucial supplier alongside other companies like Nvidia and AMD, with analysts expecting its total value to be between $300 billion and $350 billion.

Broadcom also has a long relationship with Google, a company whose chips have helped to propel its market capitalization towards the $4 trillion level. 

Additionally, the company has a relationship with Apple, in which it sells advanced wireless components, especially 5G radio frequency parts.

All these relationships have helped boost Broadcom’s growth in the past few quarters. Its most recent results showed that the company’s revenue rose by 22% to $15 billion, continuing its trend of beating analysts’ estimates.

This growth was largely driven by its emerging AI business, which made over $5.2 billion in the third quarter. The management expects that its revenue will soar to $6.2 billion in the fourth quarter, a significant growth for a company that had a limited market share in the sector.

The next key catalyst for the AVGO stock price will be its earnings, which will come out on Thursday. Analysts expect the upcoming results to show that the company’s revenue rose by 24.2% in the fourth quarter to $17.46 billion, continuing a growth trajectory that has been going on for years.

If this is accurate, the company will bring its annual revenue to $63.42 billion, up by 23% from the same period last year. 

Most importantly, analysts expect that its revenue growth will accelerate in the next financial year, rising by 35.7% to over $86 billion. This is a remarkable growth metric for a company that has been around for decades.

Broadcom’s profitability is also expected to keep growing in the coming years. This average estimate is that its earnings per share (EPS) will come in at $1.87, up from $1.42x bringing its annual profit per share to $6.75. Its EPS will then surge to $9.33. Historically, Broadcom has a long track record of doing much better than estimates.

Valuation and potential risks remain 

The ongoing Broadcom stock price surge has some potential risks. One of the main risks is that it has a big relationship with OpenAI, A company that is not yet profitable. In a recent note, analysts at HSBC warned that the company will not make a profit by 2030 and that it will need to raise at least $207 billion to fund its commitment.

OpenAI also received a $100 billion commitment from Nvidia, a move that will see it keep buying its chips. It is unclear whether the company will need its Broadcom-made chips after this relationship.

Most importantly, the company has become highly valued, with its forward price-to-earnings ratio of 91 being much higher than other companies like Nvidia. As such, there are signs that it is priced to perfection, which is a major risk ahead of its earnings.

AVGO stock price technical analysis 

The daily timeframe chart shows that the Broadcom stock price has remained in a tight range as investors waited for the upcoming results. It has remained slightly above the 50-day and 100-day Exponential Moving Averages (EMA).

The stock is slightly below the upper side of the ascending channel shown in black. Also, it has started forming a bearish divergence pattern as the MACD and the Relative Strength Index (RSI) have moved downwards.

Therefore, the most likely scenario is where the stock pulls back ahead of earnings, potentially to $350. It will then rebound and possibly move above the upper side of the channel after publishing its numbers later this week.

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Oracle stock price has pulled back in the past few months, moving from the year-to-date high of $345 in September to $217 today. This crash has led to a big wipeout as its market cap has dropped from $934 billion to the current $620 billion. This ORCL stock forecast explores what to expect ahead of this week’s earnings.

Oracle stock has crashed as risks rise

The ORCL stock price has pulled back in the past few months, erasing most of the gains it made after reporting the last financial results in September.

That report was excellent as it showed that the company’s Remaining Performance Obligations (RPO) rose by 359% to $455 billion, one of the best figures in the tech industry.

Most of this RPO was because of its evolution from a big company in the database industry into a major provider of solutions in the artificial intelligence sector. 

This deal culminated in the $300 billion partnership with OpenAI in a five-year period. It also included some elements of the Project Stargate, which also involves Softbank.

Oracle stock price has crashed in the past few months as investors remain concerned about OpenAI’s dealmaking, which now involves partnerships worth over $1.3 trillion. In a recent report, HSBC warned that the company will not be profitable until 2030 and that it will need to raise over $200 billion in assets.

The results also showed that its revenue rose by 12% in the first quarter to $14.9 billion, with its cloud revenue soaring by 28% to $7’2 billion. In her statement, the CEO said:

“It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign up several additional multi-billion-dollar customers, and RPO is likely to exceed half a trillion dollars.”

Therefore, the upcoming results will provide more color on whether the company continued experiencing this growth in terms of RPOs.

The Oracle stock price has also come under pressure after a report by The Information cited internal officers who were concerned about its margins, claims that the company refuted.

Additionally, Oracle’s bond yields have jumped after the company borrowed heavily to finance its AI data center build up. It borrowed over $18 billion recently, bringing its total debt to over $100 billion. Indeed, its bond yields have jumped as concerns about its business remain.

Oracle earnings ahead 

The next important catalyst for the Oracle stock price will be its earnings, which will come out later this week.

Analysts expect the numbers to show that the revenue rose by 15% to $16.20 billion in the last quarter, continuing a prolonged period of double-digit revenue growth.

The guidance is expected to show that the company will make $16.87 billion in the next quarter, a 20% annual increase.

Oracle’s earnings per share are expected to keep rising, moving to $1.64 in the last quarter from $1.47 in the same period last year. Still, Oracle has missed three of the last four estimates, meaning that the trend may continue this quarter.

Another major headwind for the Oracle stock price is that the company is highly overvalued, with its forward price-to-earnings ratio rising to 44.43, up from the five-year average of 30.

ORCL stock price technical analysis 

The daily timeframe chart shows that the Oracle stock price has slumped in the past few months, moving from a high of $345 in September to the current $220.

This crash happened as the company’s risks continued growing, especially because of its partnership with OpenAI and as investors remained concerned about the AI bubble.

On the positive side, the stock has formed a morning star candlestick pattern, which is a common bullish reversal sign. This candle is made up of a small body and higher and lower shadows.

It has also remained above the 50-week and 100-week Exponential Moving Averages (EMA). Therefore, with so much pessimism being priced in, there is a likelihood that the stock will rebound after earnings, and possibly move to the resistance level at $250.

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The GME stock price has remained in a consolidation phase this year as market participants watched its core businesses, balance sheet, and its Bitcoin accumulation strategy. So, will the GameStop share price rebound after earnings?

GameStop’s business is showing mixed signals

GME, the popular video game retailer, is sending mixed signals. On the one hand, there are signs that the core business is doing well, a move that analysts expect will continue in the foreseeable future.

The most recent results showed that the company’s sales rose to $972 million in the second quarter, up from $798 million in the same period last year.

This growth brought its six-year revenue from $1.68 billion to $1.7 billion, a notable turnaround for a company whose business has been under pressure for a long time as consumers moved to digital video streaming.

GameStop also turned a bigger profit than was previously expected. Its net income rose to $168 million from the $14.8 million expected. The earnings-per-share rose to 38 cents from the previous 4 cents a year earlier.

Most importantly, the company has one of the best balance sheets in the retail industry. It ended the quarter with over 8.69 billion in revenue, up sharply from the $4.19 billion in the same period last year.

As a result, the company ended the quarter with over $10.3 billion in assets from the $5.5 billion it had in the same quarter last year. Total liabilities, on the other hand, moved to $5.16 billion. Most of this liability is the $4.16 billion in long-term debt it has accumulated.

On the other hand, GameStop’s stock price has struggled because of its Bitcoin accumulation strategy, which is showing signs of flipping. It now holds 4,710 coins currently worth about $434 million. At Bitcoin’s peak of $126,300, its hoard was worth over $595 million.

GME earnings ahead 

Looking ahead, the next key catalyst to watch for the GME stock price, which will come out on Tuesday this week.

Wall Street analysts expect the data to show that its revenue rose by 14.76% in the last quarter to $987 million. Its earnings per share is expected to move from $0.06 last year to $0.20 in the last quarter.

The company’s annual revenue guidance will be $4.16 billion, $8.76% increase from last year, followed by $4.28 in 2026. If these numbers are correct, and if Bitcoin price rebounds, chances are that the stock will rebound.

GME stock price technical analysis 

The daily timeframe chart shows that the GME share price has remained in a tight range in the past few months. 

A closer look shows that it has settled at the key support level at $20.8, a level it has failed to move below since April this year.

It is hovering at the 50-day and 100-day Exponential Moving Averages (EMA), while the Average Directional Index (ADX) has retreated.

Therefore, the stock will likely remain in this range in the coming days, and possibly rebound. If this happens, the stock will likely retest the descending trendline, which connects the highest swings since January this year.

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CoreWeave stock price has rebounded modestly in the past few days, moving from last month’s low of $65.43 to the current $88. Still, the stock remains much lower than the year-to-date high of $186, meaning that it has erased billions in market capitalization as its valuation dropped from $89 billion to the current $67 billion.

CoreWeave stock price has crashed as competition rises

The CoreWeave share price has been in a strong downward trend in the past few months, moving from the year-to-date high of $186 to the current $88. 

There are several reasons why the stock has crashed this year, including concerns about the rising costs in the AI infrastructure industry.

Most importantly, the company’s industry has become highly saturated as more companies have joined the sector. Some of the most notable companies that are investing in the data center business are popular names like IREN, Bitfarms, and Nebius. 

This competition means that, while CoreWeave’s business is growing, there is a likelihood that it may struggle to attract large hyperscalers like Microsoft, Meta Platforms, and Amazon as clients. 

In its case, the company generates most of its revenue from a few deals, including with Microsoft, OpenAI, and Meta Platforms. Its deal with Microsoft is worth over $10 billion, while the ones with OpenAI and Meta Platforms are worth over $22.5 billion and $14 billion, respectively.

The impact of the rising competition is starting to show as large companies have selected other similar companies in the past few months. For example, Microsoft recently inked a $9.7 billion deal with IREN, while Microsoft reached a bigger $14 billion partnership with Nebius, a company that was spun off from Yandex.

Meanwhile, TeraWulf, another Bitcoin mining company, has inked a multi-billion-dollar deal with Google. Therefore, while the need for computing is growing, CoreWeave may struggle to find many such deals in the future. 

This likely explains why its short interest has jumped to 8.53% this year. The other reason is that the company is highly exposed to OpenAI, a company that is expected to remain in the loss-making zone for years.

READ MORE: CoreWeave stock at risk after the $52B wipeout as insiders sell

Analysts expect the CRWV growth to accelerate 

Meanwhile, CoreWeave’s business is doing well, helped by the recent deals with companies like OpenAI and Microsoft.

The most recent results showed that the company’s revenue rose by 134% in the last quarter to $1.4 billion, while its backlog jumped by 271% to $55.6 billion.

CoreWeave’s capital expenditure stood at $1.9 billion in the last quarter, while its adjusted EBITDA was over $838 million, giving it a 61% margin.

Analysts believe that this growth momentum will accelerate in the coming years. For example, the average estimate is that the annual revenue will be $5.12 billion this year, followed by $12.05 billion in 2026, a move that will make it one of the fastest-growing companies.

CoreWeave share price technical analysis

The daily timeframe chart shows that the CRWV stock price has come under pressure in the past few months, moving from the year-to-date high of $186 in June to the current $88.

It has recently moved above the important resistance level at $84.45, its lowest level in August and September this year.

CoreWeave stock remains below the 50-day and 100-day Exponential Moving Averages (EMA). It has also moved below the Supertrend indicator.

Therefore, the most likely scenario is where the stock makes a strong bearish breakout, potentially to the next key support level at $65.43. A move below that support will point to more downside, potentially to key psychological level at $50.

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The XRP price continued its strong downward spiral this month, moving to a low of $2 as investors waited for the upcoming Federal Reserve interest rate decision, which will come out on Wednesday. Ripple token was trading at $2.05, down by over 40% from its highest point this year. So, will it rebound ahead of the Fed decision?

Federal Reserve to cut interest rates 

The market belives that the Federal Reserve will cut interest rates by 0.25% on Wednesday, continuing a trend it started three months ago. This cut will bring the benchmark rate to between 3.50% and 3.75%, the lowest level since 2022 when it started hiking to counter the soaring inflation.

Bitcoin and other altcoins like XRP and Ethereum should do well when the Fed is cutting interest rates. Besides, the cut comes at a time when the market is waiting for the upcoming Santa Claus rally, which normally happens before Christmas Day.

However, there is a risk that the XRP price may continue its downward spiral when the Fed cuts this week. For one, the Fed cut will not be a big news to market participants as it has been priced in, with Polymarket data showing odds of over 95%.

Therefore, there is a risk that the market will sell the news when the Federal Reserve cuts interest rates in this meeting. For one, the bank may deliver a hawkish rate, with dissent from officials rising, with most of them pointing to the relatively high inflation rate in the country.

XRP ETF inflows continue 

Meanwhile, the XRP price is reacting to the ongoing ETF inflows, which are now nearing the important milestone of $1 billion.

Data compiled by SoSoValue shows that the ETFs have never had a day in the red. They added over $38 million in inflows on Monday, higher than Friday’s $10 million. This increase brought the total amount of money to over $935 million, and the net assets held by these funds to $923 million.

The Canary Capital XRPC continues to have the first mover advantage as its assets have jumped to over $346 million, much higher than Grayscale’s GXRP, which has accumulated $218 million in assets. Most of the inflows on Monday were on Franklin Templeton’s XRPZ, which had $15.2 million.

JPMorgan and other companies believe that XRP ETFs will continue to accumulate inflows in the coming months, with the cumulative figure coming in at over $8 billion in the first year. 

The XRP price also reacted to a report by Bloomberg on how Citadel and Fortress hedged their recent investment in Ripple, which valued it at $40 billion. These companies believed that most of Ripple’s market cap was derived from its XRP holdings, with the core business being much smaller.

XRP price technical analysis 

The three-day chart shows that the XRP price has been under pressure in the past few months as it crashed from the all-time high of $3.66 to the current $2.05.

It formed a double-top pattern at $3.3890 and a neckline at $1.6125, its lowest level on April 7 this year. It has also moved below the 50-day Exponential Moving Average (EMA) and is at the 50% Fibonacci Retracement level.

Top oscillators like the Relative Strength Index (RSI) and the MACD have continued moving downwards.

Therefore, the most likely scenario is where the XRP price continues falling as traders target the next key support level at $1.6125, the 61.8% Fibonacci Retracement level. 

On the positive side, the coin has formed a falling wedge pattern, which is made up of two descending and converging trendlines. This pattern may lead to a strong bullish breakout in the coming days or weeks.

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Lloyds share price has remained in a tight range in the past few days as the important resistance level at 100p remained elusive. It was trading at 96p as the post-Autumn Budget rally stalled. It has jumped by 84% this year, its best performance since 2012 when it soared by 86%. So, does the stock have more gains to go in the near term?

Why Lloyds share price is rising this year 

Lloyds Bank stock price has been in a strong rally this year, outperforming the FTSE 100 Index and most of its peers like Barclays and Metro Bank.

The rally happened even as the British economy remained in a bind, which was characterized by high inflation, taxes, and slow growth. 

One main reason for the rally is that the high inflation rate has pushed the Bank of England (BoE) to maintain a hawkish view throughout the year. The bank has benefited from high interest rates, which have increased the spread between what it pays on assets compared to what it pays on liabilities.

Higher interest rates have pushed the company to generate strong financial results. Its statutory profit after tax rose to £3.3 billion in the nine months of the year. Its return on tangible equity was 11.9%, down from the previous 14.6%.

The decline was because of its large provision on the motor insurance crisis. Its remediation cost for the nine months rose to £912 million from the £124 million it spent in the same period last year. On the positive side, the crisis is now nearly over, meaning that the company will not spend more money on it.

Rachel Reeves spares banks from windfall taxes 

Most recently, the Lloyds share price has risen as Rachel Reeves spared the bank from paying a windfall tax that some analysts were expecting. A few months ago, a top British think tank known as the Institute for Public Policy Research (IPPR) predicted that a windfall tax would raise billions of pounds without hurting the British economy.

Reeves judged that implementing the windfall tax would be retrogressive and make it tough for the country to attract more companies in the financial sector.

Lloyds Bank share price has jumped this year, mirroring the performance of other European banks like Unicredit, Standard Chartered, Deutsche Bank, and Commerzbank.

Looking ahead, analysts are a bit pessimistic about the company noting that it lacks a clear catalyst going forward. Analysts also warn that the company has now become highly overvalued and that it is due for a correction. In a recent note, MorningStar analysts noted the stock should be valued at 78p, which is much lower than the current 95p.

On the positive side, however, the stock will likely continue doing well as long as the global stock market bull run continues when central banks like the Federal Reserve and Bank of England (BoE) start cutting interest rates. 

Lloyds stock price technical analysis 

The daily timeframe chart shows that the LLOY stock price has remained in a bull run in the past few months and is now hovering near its highest level this year.

However, it has now formed a double-top pattern whose neckline is at 85.80p. The Relative Strength Index (RSI) has moved from the overbought point of 75 to the current 59, while the two lines of the MACD indicator are nearing their bearish crossover.

Therefore, there is a risk that the stock will pull back in the near term. If this happens, the next key support level to watch will be at 90p.

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The Qualcomm stock price continued its recent rebound in the past few days as investors bought the recent dip. The QCOM stock was trading at $175, up by over 10% from its lowest level in November, giving it a market capitalization of over $187 billion.

Qualcomm’s growth is continuing 

The Qualcomm stock price has jumped by over 47% from its lowest level in April this year as the artificial intelligence (AI) tailwinds continued.

The rally accelerated recently after the company unveiled chips, known as the Snapdragon 8 Elite Gen 5 Mobile Platform, that may compete with Nvidia in the future. 

It then continued after the company published strong financial results, which showed that its revenue rose by 10% to $11.3 billion.

More results showed that the company’s QCT’s revenue rose by 13% to $9.8 billion, while its IoT revenue rose by 7% to $1.68 billion.

The company has also boosted its forward guidance, and now expects that its first quarter revenue will be between $11.8 billion and $12.6 billion. 

Most of this growth will come from its Qualcomm CDMA Technologies (QCT) business, which it expects will make between $10.3 billion and $10.9 billion. 

The smaller Qualcomm Technology Licensing (QTL) business is expected to make between $1.14 billion and $1.16 billion. This business has an EBIT margin of between 74% and 78%, higher than QCT’s 30% to 32%.

Analysts expect its growth to slow

On the other hand, data compiled by Yahoo Finance show that the company’s revenue in the current quarter will be $12.15 billion, up by 4.11% from the same period last year. 

Analysts also expect that the annual revenue will grow by 2.92% to $45.43 billion, followed by $46 billion in the next financial year. These estimates mean that the company is not expected to benefit substantially from its AI investments. 

This slow growth explains why the company’s valuation metrics are not as fancy as those of other chip companies like Nvidia and AMD. Its forward price-to-earnings ratio has dropped to 14.43, lower than the sector median of 24. Its forward EV to EBITDA metric of 11.60 is much lower than the industry median of 19.

As such, these numbers mean that the company will need to come up with more innovative products to boost its growth. While its recently launched AI chips are good, chances are that they will not capture market share against other companies like AMD and Nvidia.

Analysts have a mild opinion about the company, with the average estimate among analysts tracked by Yahoo Finance being $191, up by 9% from the current level.

Qualcomm stock price technical analysis 

The daily chart shows that the QCOM stock price has rebounded from a low of $118.80 in April to $175 today. It has formed an ascending channel and remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The stock remains above the Supertrend indicator, a sign that the bullish trend is continuing. Therefore, the most likely scenario is where the stock continues rising, with the next level to watch being at $185, the upper side of the channel.

However, the stock has formed a head-and-shoulders pattern, a common bearish reversal sign. This means that, while the stock has more upside, there is a risk that it may retreat, potentially to $160.

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The crypto market crash resumed last week as Bitcoin and most altcoins plunged by double digits. Bitcoin remains below the key support at $90,000, while Ethereum has dropped to $3,000. Other tokens like Cardano, Shiba Inu, and Dogecoin have also plummeted by double digits. 

Crypto market crash could stall in case of a more dovish Federal Reserve 

One potential catalyst that may help to stall the crypto market crash is the upcoming Federal Reserve interest rate decision,which will come out on Wednesday this week.

Historically, the final decision has been one of the most important ones in the market as it sets the tone for what to expect in the new year. 

This meeting will be key because it will shed more light on the divisions among officials, with some of them supporting cuts and others supporting a pause. 

For example, an official like Jeff Schmid has opposed cuts, arguing that inflation has remained above the target point of 2% for over 4 years. He argues that cutting interest rates will stimulate inflation.

On the other hand, some Fed officials argue that the bank should cut rates because of the cracks in the labor market. A report released last week showed that the economy lost 36,000 jobs, the worst performance in over 2 years.

Therefore, an interest rate cut and a dovish policy may help to end the ongoing crypto market crash.

Cardano Midnight mainnet launch

The other main catalyst for the crypto market will be the upcoming Midnight launch by Cardano, the tenth biggest coin in the industry.

Midnight is a major project that has been developed in the past few years, and Charles Hoskinson and the team believes that it will solve the main challenges facing the network. 

For example, they expect that Midnight will boost the network’s stablecoin volume and decentralized finance (DeFi) total value locked, which has lagged the market in the past few years.

Still, it is unclear whether the Midnight launch will have a positive impact on the crypto market, as Charles Hoskinson has a known record of overpromising and underdelivering. 

Top token unlocks 

The other main catalyst that may have a negative impact on the crypto market is the upcoming token unlocks. Data compiled by DeFi Llama shows that tokens worth over $30 million will be unlocked this week. 

Flare tokens worth over $3.4 million will be unlocked this week. Historically, the FLR token normally drops by about 10% ten days after the unlock.

Meanwhile, $10 million worth of EigenLayer tokens will be unlocked on Wednesday, while $20.3 million worth of Bluefin will be released. Other major tokens with unlocks this week are Aptos, Story, Arbitrum, and Starknet.

Crypto ETF inflows 

One reason behind the ongoing crypto market crash is that American investors have been pulling their assets from crypto ETFs. Data shows that spot Bitcoin ETFs shed over $87 million in assets last week. BlackRock’s IBIT ETF has shed over $2.7 billion in assets in the last few months.

Ethereum ETFs also shed over $65 million in assets last week, bringing the cumulative total inflows to over $12.8 billion. On the other hand, tokens like XRP, SOL, DOGE, LINK, and HBAR ETFs have done well in terms of inflows. A surge in inflows may help to offset the ongoing crypto market crash.

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