Rally

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Affirm stock price (NASDAQ: AFRM) gained 26% in the previous month.</a> </li> 
 <li> <span>2</span> <a>AFRM Stock succeeded in climbing above the 50-day and 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Affirm Holdings Inc.’s stock price recovered 51% from the recent swing low at $12.81.</a> </li> 
</ul> 
<p>Affirm stock price (NASDAQ: AFRM) is up by 26% in the previous month and attempting to break out of the $20 hurdle. It recovered 51% (approx.) from the recent swing low and formed a bullish reversal pattern.&nbsp;</p> 
<p>AFRM stock price holds the 50-day EMA and also managed to climb above the 200-day EMA. It shows that the positional trend has reversed in the upward direction.&nbsp;</p> 
<p>At the beginning of May, Affirm’s stock price took near $8.80 and displayed a bullish engulfing pattern. Later, prices began to rise upward by forming higher highs and rallied 115% in a short span of time.&nbsp;</p> 
<p>In the mid of June, the momentum in the Affirm stock halted near $20.00 and prices witnessed minor profit booking. The short-term correction halted near the 50-day EMA and prices again bounced back.&nbsp;</p> 
<p>Affirm stock recovered the losses and attempting 3rd time to break the $20.00 hurdle. The buying volume is also on the rise which increases the probability of a breakout.&nbsp;</p> 
<p>Affirm Holding’s stock price closed the previous session at $19.61 with an intraday rise of 1.13%. The market capitalization stands at $5.80 billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-affirm-stock-continue-the-rally-strong"><strong>Will Affirm Stock continue the rally?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/8tEAw5EQALNCYD4NHudskRL4M0Csy4O9UAMDJPvKc5DFA5kb6cLUHZg_x6RN-rAndUwCoR3oA3nSncQk7RTF9WVWVdOx4PJ3BUfVi47BkSZoMIi-wyNELkl_Xsn-0Hfl7rJ3GKYnT_Fzxvz0NI9NglumNpUbURfGL9LtIahWgWXuLqNRSP_VY6LLwHZufw" alt="Affirm Stock up by 26%; Will AFRM Stock Price Rally to $25.00?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: AFRM daily chart by <a href="https://www.tradingview.com/x/APBMep7Z/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Affirm stock price (NASDAQ: AFRM) is trading with bullish cues and bulls seem to be more aggressive as compared to sellers. If the buyers succeed to break the $20.00 hurdle then the next phase of the rally might trigger.&nbsp;</p> 
<p>However, if AFRM stock faces rejection from $20.00 then it may retrace downward to test the EMAs. Till AFRM <a href="https://www.thecoinrepublic.com/2023/04/30/affirm-stock-afrm-stock-price-at-52-week-low-ahead-of-earnings/" rel="noopener noreferrer nofollow">stock price</a> sustains above $14.00, any short-term downfall will be easily absorbed by the buyers.&nbsp;</p> 
<p>The broader market index is mildly bullish which might positively impact the prices of AFRM stock. The technical analysis suggests AFRM <a href="https://www.thecoinrepublic.com/2023/04/30/affirm-stock-afrm-stock-price-at-52-week-low-ahead-of-earnings/" rel="noopener noreferrer nofollow">Stock price</a> is in the initial phase of a bullish trend reversal.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-afrm-stock-is-turning-bullish-on-multiple-time-frame-strong"><strong>AFRM Stock is turning bullish on multiple time frame&nbsp;</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_50a3f"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:AFRM",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "toolbar_bg": "#f1f3f6",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_50a3f"

}

  );

  </script> 
</div>  
<p>AFRM Stock price rose 13% in the current week and formed a bullish candle. It shows that bulls are returning back to track and prices turning bullish on multiple time frames.&nbsp;</p> 
<p>The MACD curve is rising upward and displaying a positive crossover indicates bullish momentum might continue.&nbsp;</p> 
<p>Affirm stock price is above the supertrend green line which confirms the short-term uptrend. The RSI curve at 65 slopes upward denoting the strength of bulls and more room for upside is open.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Affirm stock price (NASDAQ: AFRM) performed well in the previous month and the momentum is still intact.&nbsp;</p> 
<p>Technical analysis suggests AFRM stock is in the initial phase of a bullish trend reversal and the probability of a $20.00 breakout is high. If buyers succeeded to break $20.00 then prices might rally to $25.00.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels:</strong> $23.00 and $25.00</li> 
 <li><strong>Support levels:</strong> $16.00 and $14.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Affirm Stock up by 26%; Will AFRM Stock Price Rally to $25.00?

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Thecoinrepublic.com

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