Alphabet C tests $329 support in descending triangle: Live levels

Alphabet Class C shares are testing critical technical support around the $329 to $330 zone within an approaching compression point of a descending triangle pattern. Technical indicators point toward persistent downward momentum, with the 5-hour chart showing the stock trading well below both its 20-period and 50-period Simple Moving Averages. Additionally, the SuperTrend indicator remains negative at 341.84, while MACD momentum is deteriorating at -2.47 below its signal line, and the RSI sits at 37.45. A confirmed breakdown below the pivotal $329 threshold could trigger extended losses toward downside targets of $320, $315, and potentially $305. However, analysts note that declining trading volume during this consolidation phase raises the possibility of a bear trap reversal if selling interest fails to surge. Conversely, a sustained breakout above the descending resistance near $342 is required to neutralize the prevailing bearish trend and open upside potential toward the $355 to $365 resistance zones.