Visa V technical analysis

V is trending down over the last 24 hours, with price at $375.07 sitting below the daily SMA20 of $372.414, while momentum on the 4h timeframe is weak with RSI14 at 34. Despite the long-term daily uptrend, the short-term structure is softening as price tests lower supports.

Price is currently battling the upper 4h support zone of 370.635-373.97, which has seen 6 touches, with the rising support trendline at ~374.996 (3 touches) directly overhead. The nearest 4h resistance is 377.937-379.063 (1 touch), while above that the 382.21-385.57 zone has been tested 3 times.

For bulls, reclaiming the 4h trendline and the 377.937-379.063 resistance (1 touch) would shift momentum, targeting the 382-385 area. For bears, a breakdown below 370.635-373.97 on a 6-touch basis opens the path toward the 4h support at 364.55-366.8 (4 touches) and the daily trendline at ~360.62 (3 touches). Conditional levels only.