Strong

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TWLO stock price rebounded from the lower trendline of an interesting channel over the daily time frame chart.</a> </li> 
 <li> <span>2</span> <a>Twilio stock is trying to sustain at 20-EMA to reach the 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Twilio Inc. (NYSE: TWLO) managed to gain around 16.28% year to date.</a> </li> 
</ul> 
<p>TWLO stock price is recovering from the lower trendline of the descending parallel channel over the daily time frame chart. Meanwhile, TWLO shares have been slipping through an interesting descending parallel channel since May 2023. Now buyers are providing the desired support to the Twilio stock to reach the upper trendline of the declining pattern. However, sellers may approach in between to pull TWLO share downwards.&nbsp;</p> 
<p>Meanwhile, Twilio stock price is currently trying to sustain at the 20-EMA line to remain in the recovery phase. TWLO shares need to register its breakout from the descending triangle pattern in order to recover towards the $75.00 mark.&nbsp;</p> 
<p>TWLO stock price was at $58.14 and gained around 1.45% of its market capitalization during Tuesday’s trading session. Trading volume was below average and needs to grow during Wednesday’s trading session. This demonstrates that buyers’ accumulation needs to be increased.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-twlo-stock-price-rech-75-00-mark-strong"><strong>Will TWLO Stock Price Rech $75.00 Mark?&nbsp;&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1539" height="893" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371.png" alt="Twilio Inc.: TWLO Stock Price’s Rebound Looks Strong in Channel" class="wp-image-175240" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371.png 1539w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-768x446.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-1536x891.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-371-1140x661.png 1140w" sizes="(max-width: 1539px) 100vw, 1539px">
  <figcaption class="wp-element-caption">
   Source: NYSE: TWLO by <a href="https://www.tradingview.com/x/qUkcsPmr/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>TWLO stock price has been falling through a descending parallel channel since May 2023 over the daily time frame chart. Buyers are trying to push Twilio stock towards the upper trendline of the declining channel to register its breakout. However, the declining volume signifies the low accumulation rate of buyers due to which TWLO may lose momentum. Meanwhile, 20-EMA may act as a resistance for TWLO shares, as it trades to reach the 50, 100 and 200-days daily moving averages.&nbsp;</p> 
<p>TWLO stock price gained around 2.32% in a week but slipped by 12.81% in a month. Moreover, TWLO share price slumped around 13.22% in the last three months and 0.95% in the last six months. Nevertheless, Twilio stock price managed to surge around 16.28% year to date.&nbsp;</p> 
<p>Technical indicators suggest TWLO share is in an uptrend. Relative strength index (RSI) highlights the upward momentum of TWLO share price. RSI was at 44 and is moving towards neutrality. Investors in Twilio Inc. (NYSE: TWLO) need to wait until TWLO stock price reaches the upper trendline and remains there to register its breakout.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;</h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/walmart-stock-will-wmt-stock-break-below-the-level-of-150/" target="_blank" rel="noreferrer noopener">TWLO stock price </a>is recovering from the lower trendline of the descending parallel channel over the daily time frame chart. TWLO shares need to break out from the descending triangle pattern in order to recover towards the $75.00 mark. Nevertheless, Twilio stock price managed to surge around 16.28% year to date. Technical indicators highlight the&nbsp; positive momentum in TWLO shares. Investors in Twilio Inc. (NYSE: TWLO) needs to wait until TWLO stock price reaches the upper trendline and remains there to register its breakout.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $56.52 and $54.60</p> 
<p>Resistance Levels: $59.85 and $60.15</p> 
<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, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;&nbsp;&nbsp;&nbsp;<br></p>

Twilio Inc.: TWLO Stock Price’s Rebound Looks Strong in Channel

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 11, 2023

To DCA or not to DCA? An analysis reveals surprising findings

SBF Trial: Caroline Ellison Testifies of Bankman-Fried’s Financial Maneuvers

Whale Sells, The Price of This Altcoin Drops!

Adobe Unveils “CR Pin”: A New Era of Transparency in AI-Generated Imagery

Sergey Nazarov Says People Will Understand Chainlink (LINK) When ‘We Power Everything’

JPMorgan Leads the Way with First Live Blockchain Collateral Transaction

Join our free newsletter for daily crypto updates!