Spotify’s weekly chart shows a peak around the 627–652 range, where price action has failed to break through multiple times. This lack of upward momentum has left 
SPOT vulnerable to potential downside. At the moment, 484 serves as an important support level. If it fails, it could open the door to a deeper pullback, possibly towards the 380–320 zone. Even if the price moves above 627, caution is advised, as there’s no solid signal for a sustained upward trend yet.
SPOT vulnerable to potential downside. At the moment, 484 serves as an important support level. If it fails, it could open the door to a deeper pullback, possibly towards the 380–320 zone. Even if the price moves above 627, caution is advised, as there’s no solid signal for a sustained upward trend yet.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.