Riot stock price broke out of a consolidation phase on July 5th and has gained $20.64; this rally could extend to $25. Analysts believe Riot's stock price will reverse its downward trend and surge to the $25 recovery level. Analysts also confirmed that if RIOT shares break through the primary resistance level of $21.02, they could reach the $25 mark by sustaining at the $23.18 resistance level. RIOT stock investors should keep an eye on the daily time frame chart for any directional changes.
Riot stock was trading at $18.38, a 0.49% decrease from the previous day's trading volume. Furthermore, trading volume was lower than usual and will need to increase during the trading session on Monday. This suggests that buyers may step in to help the RIOT stock during Monday's trading session.
Furthermore, the price of Riot's stock rose 56.43% in a single month and 62.22% over the previous three. Technical indicators indicate that Riot stock has moved out of overbought territory. Riot Platforms Inc. investors must wait for a trend shift before expecting Riot stock to rise in price.
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