Core

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GDDY price crossed the $70 cluster.</a> </li> 
 <li> <span>2</span> <a>A breakout from the consolidation zone near $80 is imminent.</a> </li> 
</ul> 
<p>GoDaddy stock (NYSE: GDDY) price is in a narrow range and is willing to surpass $80, showcasing a war of equals between bulls and bears, resulting in price consolidation for the past months. The strong price consolidation suggests an up-move above $80, which will likely extend toward $100 if sustained. GDDY stock price is trading above the 200-day EMA but failed to extend the gains, forming an inverted hammer candlestick, highlighting the sellers’ grip near $80.</p> 
<p>GoDaddy share price is trading above the neutrality zone, forming a bullish chart structure, suggesting a breakout and follow-on buying action for the following sessions. GDDY share has surpassed the cluster of $70 and is looking to extend the buying momentum. Bulls have persisted in making long build-ups. In contrast, sellers have stayed cautious and started covering their positions.</p> 
<p>At press time, GDDY stock price is trading at $74.64 with an intraday gain of 1.28%, showing bullishness on the charts. Moreover, the trading volume increased by 1.90% to 3.906 Million. The market cap is $10.981 Billion. Moreover, analysts maintained a buy rating with a yearly target price of $90.08, suggesting a strong growth outlook for the upcoming sessions.</p> 
<p>GoDaddy, Inc. is engaged in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. It operates through the Applications and Commerce (A and C) and Core Platform (Core) segments.&nbsp;</p> 
<p>The A and C segment consists of sales of products containing proprietary software, commerce products, and third-party email and productivity solutions. The Core segment deals with domain registrations and renewals, aftermarket domain sales, website hosting products, and website security products. The company was founded by Robert R. Parsons in January 1997 and is headquartered in Tempe, AZ.</p> 
<h2 class="wp-block-heading" id="strong-gddy-stock-price-action-on-daily-charts-strong"><strong>GDDY Stock Price Action On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-1024x464.png" alt="GoDaddy Inc.(NYSE: GDDY) Close To Breakout, Will it Surpass $80?" class="wp-image-167681" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-355.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: GDDY Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, GDDY <a href="https://www.thecoinrepublic.com/2023/09/13/intel-stock-will-the-rally-in-intc-stock-price-halt-near-40/" target="_blank" rel="noreferrer noopener">stock price</a> is now on the verge of a breakout and will likely retest the swings of $90, followed by $100 soon. Moreover, GoDaddy share price is trading above the 50% Fib zone and close to surpassing the 61.8% Fib level. Furthermore, the GDDY stock trades above the mid-Bollinger band and the value area, showcasing buyers’ traction for the past sessions.</p> 
<p>The RSI curve stayed in the overbought zone, showing a bullish divergence forming a positive crossover, which suggests a breakout soon.</p> 
<p>The MACD showcased a bullish crossover and persisted in forming green bars on the histogram, suggesting a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>GDDY stock price (GoDaddy) is trading above the cluster of $70, showing a bullish chart structure on the charts. Moreover, the price action showcased long build-ups and strength on the charts. Furthermore, the GDDY stock price is trading above the 200-day EMA, and suggesting that follow-on buying will extend in the subsequent sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $70 and $60</p> 
<p><strong>Resistance Levels: </strong>$80 and $90</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

GoDaddy Inc. (NYSE: GDDY) Close To Breakout, Will it Surpass $80?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 13, 2023

C+Charge: A Breakthrough in Peer-to-Peer Payment Solutions for EV Charging Stations

How to Swap $CGPT Tokens

BTC, ETH and BNB Price Analysis for September 13

Spot On Chain launching website and mobile app in beta

Bitcoin (BTC) Price Prediction: BTC Near $25k, Time To Go Long?

This Bitcoin mining project attracts users with new tokenomics and DeFi opportunities

Join our free newsletter for daily crypto updates!