Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>AFRM stock price fell 15% in the first week of October.</a></li>
 <li><span>2</span> <a>Affirm stock price struggles to hold the 200-day EMA.&nbsp;</a></li>
 <li><span>3</span> <a>Affirm Holdings Inc. (NASDAQ: AFRM) share is in a correction phase.</a></li>
</ul>
<p>AFRM stock price reverses and falls about 23% from the recent swing high. It seems to be in a correction phase and is declining by forming lower low candles.&nbsp;</p>
<p>Affirm stock price slipped below the 50-day EMA and eroded the major portion of the previous gains. The short-term trend of the stock has turned down but the 200-day EMA is acting as an immediate support for the bulls.</p>
<p>AFRM stock price performed well at the beginning of September and showed the breakout of the $20.00 hurdle. It triggered the positive sentiment and created hope for more upward momentum.&nbsp;</p>
<p>However, the momentum halted near $25.00 and the price witnessed minor profit booking. At the same time, the broader market indices and many other financial technologies’ stocks fell miserably.&nbsp;</p>
<p>Due to this, the profit booking in the <a href="https://www.thecoinrepublic.com/2023/09/10/affirm-holdings-afrm-stock-surges-almost-65-after-q4-results/" rel="noopener noreferrer nofollow">AFRM share price </a>got extended and bears began to dominate.&nbsp;</p>
<p>Recently, Affirm Holdings Inc.’s stock price broke down the breakout level of $20.00 which invited further decline. Affirm stock price closed the previous session at $17.90 with an intraday decline of -2.08%.</p>
<h2 class="wp-block-heading" id="strong-did-afrm-stock-price-fall-to-15-in-october-strong"><strong>Did AFRM Stock Price Fall to $15 in October?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/Ewub8dz25iIvC3ig3DgKNPx9Zdg12bJM3xNMOKgvn-I4-iWWyz1yLOg6yWwM1CCi6F3f7an9bE3rCozr3pYdL0tpVRRFGvxiocldbcZipcXEQGPFr4Q5ClBTOfoVg-lCt5a4Soq2xEMFFvEafYNGAqU" alt="AFRM Stock Below $20; Will Affirm Stock Lose Previous Gains?">
  <figcaption class="wp-element-caption">
   NASDAQ: AFRM daily chart by <a href="https://www.tradingview.com/x/iFI8fQ5x/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>AFRM stock price continues to fall and the presence of sellers is visible. However, it has corrected a lot in a short span of time so a narrow-range consolidation is possible.&nbsp;</p>
<p>Till Affirm <a href="https://www.thecoinrepublic.com/2023/09/10/affirm-holdings-afrm-stock-surges-almost-65-after-q4-results/" rel="noopener noreferrer nofollow">stock price</a> trades below $20.00, it is expected to remain in the bears’ grip. Any short-term upmove toward the $20 to $22.50 supply zone might face difficulty in holding the higher levels. Therefore, the investors must be careful before creating any long positions.&nbsp;</p>
<p>The technical analysis suggests that Affirm share price is on sellers’ radar and more downside toward $15.00 is possible.</p>
<h3 class="wp-block-heading" id="strong-will-affirm-stock-price-decline-more-strong"><strong>Will Affirm Stock Price Decline More?</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_17c26"></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": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_17c26"

}

  );

  </script>
</div> 
<p>Affirm stock price formed bearish engulfing candles on the weekly timeframe. The stock fell 15% in the first week of October and eroded a small portion of its market capitalization. If the price declines further, then it may raise concerns for its long-term investors.&nbsp;</p>
<p>The MACD curve slopes down and may slip below the zero line indicating bearishness. The RSI at 37 denotes weakness. If the price falls more, then RSI may test oversold territory which will increase the risk of a squeeze.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>AFRM stock price reversed down and fell 15% this week. It formed a bearish pattern that is likely to erode the previous gains in October. The analysis suggests that Affirm stock price is in a downtrend and may fall to $15.00.&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5>
<ul>
 <li>Resistance levels: $22.57 and $25.52</li>
 <li>Support levels: $15.00 and $12.88</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>

AFRM Stock Below $20; Will Affirm Stock Lose Previous Gains?

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