The price of (SPOT) Spotify Technology declined slightly in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, in attempt to gain the required positive momentum to assist it to recover, taking advantage from the dynamic support that is represented by its trading above EMA50, and under the full dominance of the main bullish trend on the medium term basis and its trading alongside a bias line.

Therefore, our expectations suggest a rise in the (SPOT) price in its upcoming trading, especially if the support settles at $652.65, to target the resistance level at$762.70.

Todays forecast: Bullish