Download TikTok Videos Without Watermark using SnapTik.Investing in or trading crypto assets comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. SNAP stock price may see a continuation of the upside trend in the future. SNAP has been on a surge with the perspective of Tik Tok being banned in the United States. There is a positive slope in the RSI suggesting a strong upside trend. RSI of the SNAP is near 58 suggesting its presence in the neutral zone. It is trading above 50 and 100 Daily Moving Average with a positive crossover in the past. Resistance of SNAP can be seen near the value of $15.Meanwhile a bounceback in the downside trend of price can be seen near $10. SNAP is currently trading near the value of $11.3 with a gain of 6.75% in the intraday session.

It has given a strong breakout in the daily chart. The weekly technical chart of the SNAP suggests a consolidated trend in price. Various analysts are expecting a strong growth in SNAP if Tik Tok Gets banned. SNAP has a market cap of 17.99 Billon with a negative EPS.

TikTok may get banned in the United States which could push the users penetration for the SNAP stock. This move towards e-commerce could provide a significant revenue stream for the company in the future. Snapchat has also made significant strides in the ecommerce space, with strong technological advancement. From augmented reality filters to social games, Snapchat has always been at the forefront of social media innovation. Snapchat’s user base has grown rapidly over the years. Their ability to continuously adapt to change and trends has made them a popular choice. SNAP stock has become a popular investment choice in recent years which tells greatly about the company’s future. (SNAP) is a technology and social media company that has taken the world by storm with their innovative and highly engaging platform Snapchat. It has observed a gain of 6% in the past 24 hours. 2 Bulls of SNAP stock are looking for a rally to $12 in future.1 SNAP stock has been seeing a surge as Biden government might ban TikTok in the future.

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