+3.77% for Bakkt stock as buyers capitalize on further upside potential
Bakkt Holdings, Inc. (BKKT) stock is trading at $9.09, advancing 3.77% in the last session. Price action remains above its key moving averages, reflecting prevailing short- to medium-term momentum.
Highlights
- BKKT/USD shows strong intraday momentum, with buyers dominating and technical indicators supporting short-term bullishness.
- Price remains structurally bearish long term, but trades above short- and medium-term averages, signaling potential for near-term gains.
- Over the next 2–3 days, price is expected to range between $8.19 and $9.99, with a 61% probability of further upside.
Positive momentum and strong buy signals as resistance holds
The MA-20 ($8.91) and MA-50 ($8.37) provide technical support on the hourly timeframe, while the MA-200 at $14.52 on the daily chart remains a key resistance level. The Ichimoku Kijun level at $8.69 acts as immediate support. MACD signals Strong Buy and Stoch RSI registers Strong Buy as well, aligning with positive momentum from BBP and the Awesome Oscillator. RSI at 57.88 is in the Buy zone, while CCI and ADX are neutral, pointing to robust but not overextended conditions.
Range-bound action likely as volatility shapes next move
Over the next 2–3 trading days, BKKT is likely to fluctuate between $8.19 and $9.99, a typical volatility band relative to current levels. Upside continuation is estimated at 61%, with a baseline scenario of range-bound action between support and resistance. A bullish move may see price break above the upper band, whereas a bearish turn could lead to a breach of immediate support.
Earlier, analysts noted that Bakkt was demonstrating strong bullish momentum, positioning the stock for a potential upward breakout. The latest technical signals reinforce this bias, suggesting traders should monitor for a decisive move above current volatility bands as the next sign of direction.
Latest Bakkt News
- Forex
- Crypto