Alphabet C tests $354 resistance on 5h chart: Live levels

Alphabet Inc. Class C (GOOG) is testing a critical technical resistance confluence on its 5-hour chart, trading around $351.37 just beneath its 200-period Simple Moving Average (SMA) at $354.27 and the 61.8% Fibonacci retracement level at $355.90. While the short-term uptrend remains intact above the 20-period and 50-period SMAs, intensified selling pressure and prominent upper candle wicks indicate that bears are actively defending the overhead resistance zone. Momentum indicators present a mixed picture: the Moving Average Convergence Divergence (MACD) remains in positive territory, but the Relative Strength Index (RSI) at 60.54 points toward approaching overbought conditions. Furthermore, declining volume on recent upward moves signals potential buyer exhaustion and heightens the probability of a false breakout or bull trap. A confirmed 5-hour close above $356.00 could pave the way for a bullish trend reversal targeting $367.85 to $381.00. Conversely, failure to clear the $353.00–$355.00 resistance corridor risks a bearish rejection toward downside targets between $345.00 and $336.00, with $348.00–$353.00 defined as a high-volatility chop zone.