MSFT Price Set for Breakout or Squeeze as Shorts Pile Up

Microsoft's tokenized stock is currently trading at $496.80 on Binance, stuck between a short-term downtrend and medium-term support. Rongchai Wang notes that MSFT is not trending downwards, but rather compressing due to the technical reality of its chart.

The SMA 50 sits at $462.12, while the price is above both the SMA 20 ($494.89) and EMA 26 ($489.72), indicating a short-term pullback within an intact medium-term uptrend. The MACD has flatlined at zero, but buyers haven't capitulated yet.

The key support cluster lies between $493.48 and $490.17, with a daily close below $490 potentially accelerating the price towards the lower Bollinger Band near $473.