US30 Stalls Near the 49,900 Resistance: Weakening Momentum or Just a Pullback Before the Uptrend Continues?

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On the H4 timeframe, US30 is showing signs of slowing down as price repeatedly faces rejection around the 49,800 - 49,900 resistance zone and has yet to establish a new higher high. Although it remains above the EMA50 and EMA100, bullish momentum is weakening as RSI moves sideways and shows mild divergence. In the short term, the 48,700 - 48,800 support zone will be crucial in maintaining the uptrend. Holding above this level could allow the index to resume its upward move, while a break below may trigger a deeper correction toward the 48,000 - 48,100 area.

On the H4 timeframe, US30 is showing signs of slowing down after a strong extended rally, as price continues to face rejection around the 49,800–49,900 resistance zone and has yet to establish a clear new higher high. The short-term bullish structure remains intact for now; however, momentum is gradually weakening, with RSI moving sideways and showing signs of mild divergence.

US30 is entering a rebalancing phase after a strong rally, as selling pressure emerges near the highs while the bullish structure remains intact. The next move will depend on whether price can hold the key support zone around 48,700 - 48,800.

Price is still holding above both the EMA50 and EMA100, indicating that the overall trend remains biased to the upside. That said, the appearance of consecutive pullbacks and lower closes over the past two sessions suggests that short-term selling pressure is starting to build.

In a bullish scenario, if US30 can hold above the near-term support zone around 48,700–48,800, and a clear reversal signal forms on the H4 timeframe, the index could resume its upward trend, retesting the previous highs and potentially extending to new highs. Conversely, a decisive break below this support zone could challenge the current bullish structure, opening the door for a deeper correction toward lower support levels around 48,000–48,100, where the EMA100 converges with prior consolidation areas.

22.4.2026

Dow Jones (US30)

(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)

Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.

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Linh Tran

Market Analyst

Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.

This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.

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