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Polymarket Bettors Give Alphabet a 90% Shot at $335, But Can It Hit $350?

MarketDash Editorial Team
12 days ago
Prediction markets show overwhelming confidence in Alphabet's rally continuing, with technical charts backing the bullish case as the stock holds breakout levels and pushes toward the top of its rising channel.

Alphabet Inc. (GOOGL) is building momentum in what's shaping up to be a compelling technical setup, and the folks betting real money on Polymarket seem pretty convinced the party isn't over yet. They're putting 90% odds on the stock hitting $335 before 2026, which in prediction market terms is about as close to a sure thing as you get without being boring.

The Prediction Market Crowd Is Feeling Confident

When you look at the full Polymarket data, the confidence levels stay surprisingly high even as the price targets climb. There's a 65% chance assigned to Alphabet reaching $345, and even at $355, traders still give it 42% odds. That's not exactly a coinflip for the higher targets, but it's not dismissive either.

What's driving this optimism? Market participants keep pointing to fundamentals that actually matter: progress in large-model AI performance and a cloud infrastructure business that keeps getting stronger. It's not just hype about the next shiny thing. Google is building real competitive advantages in compute capacity and enterprise cloud services.

The Technical Picture Looks Clean

From a chart perspective, Alphabet is doing everything right. The stock punched through $320 and is holding gains around $323, staying comfortably inside a rising channel that's been the roadmap since late summer. The move above $313 marked a shift into a steeper trend leg, the kind of acceleration that gets technical traders excited.

Here's what matters: that $313 level used to be resistance earlier this month, and now it's flipped to support. That's textbook bullish behavior. If momentum cools off, buyers are expected to show up at $313 to defend the position. Below that, you've got the 20-day exponential moving average around $288 and the 50-day at $267, both sitting well below current price. That gap tells you the trend is strong and there aren't any early warning signs of exhaustion.

The Bollinger Bands have widened sharply as GOOGL rode the upper band, which is a pattern that screams directional conviction. When price approaches the $330 to $335 region, it'll be testing the channel ceiling. That's where you might see some volatility kick in, but the structure still favors upside until those support levels actually break.

Intraday Action Shows Steady Buying Interest

Zoom into the 30-minute chart and the story stays consistent. Alphabet is holding above its session volume-weighted average price near $323, and dips keep getting bought. The pattern of higher lows is intact as long as price stays above $321. The Relative Strength Index cooled off from overbought territory but remains above 50, which signals consolidation rather than reversal.

Analysts have noted that Alphabet has been showing real resilience during minor market pullbacks. Institutional money appears to be supporting the broader trend, which is exactly what you want to see when evaluating whether a rally has staying power.

Holding above $313 keeps the channel structure intact and opens up near-term targets at $335 and $340. If we get a decisive break below $313, that would be your early warning signal that buyers are losing momentum. In that scenario, price could head toward the 20-day EMA around $288, which would still be a normal correction within a healthy uptrend.

AI Infrastructure Is the Fundamental Driver

The technical setup is great, but it matters a lot more when there's a fundamental story backing it up. Recent performance gains have positioned Google as a legitimate competitor to Nvidia (NVDA) and other chip players in high-capacity compute markets. That's a big deal, because the AI infrastructure race isn't slowing down anytime soon.

There's also a tailwind from the U.S. government's "Genesis Mission," a federal initiative expanding access to national supercomputing resources. This supports industry-wide demand for advanced AI infrastructure, and analysts expect Google Cloud to benefit from increased public-private research partnerships tied to the program. It's the kind of structural support that makes rally predictions more credible.

What to Watch Next

The setup is bullish, but nothing moves in a straight line forever. The $330 to $335 zone is where things get interesting. That's the top of the channel, and it's also where Polymarket traders have placed their highest-confidence bet. If Alphabet can push through that level cleanly, the $345 and $350 targets come into play.

On the downside, $313 is the line in the sand. As long as that holds, the trend is your friend. Break below it with conviction, and you'll want to reassess whether the momentum trade is still working or if it's time to wait for better entry points lower.

For now, the technical structure is intact, the fundamentals are improving, and prediction markets are putting serious money behind continued upside. That's a combination worth paying attention to.

Back to News

Polymarket Bettors Give Alphabet a 90% Shot at $335, But Can It Hit $350?

MarketDash Editorial Team
12 days ago
Prediction markets show overwhelming confidence in Alphabet's rally continuing, with technical charts backing the bullish case as the stock holds breakout levels and pushes toward the top of its rising channel.

Alphabet Inc. (GOOGL) is building momentum in what's shaping up to be a compelling technical setup, and the folks betting real money on Polymarket seem pretty convinced the party isn't over yet. They're putting 90% odds on the stock hitting $335 before 2026, which in prediction market terms is about as close to a sure thing as you get without being boring.

The Prediction Market Crowd Is Feeling Confident

When you look at the full Polymarket data, the confidence levels stay surprisingly high even as the price targets climb. There's a 65% chance assigned to Alphabet reaching $345, and even at $355, traders still give it 42% odds. That's not exactly a coinflip for the higher targets, but it's not dismissive either.

What's driving this optimism? Market participants keep pointing to fundamentals that actually matter: progress in large-model AI performance and a cloud infrastructure business that keeps getting stronger. It's not just hype about the next shiny thing. Google is building real competitive advantages in compute capacity and enterprise cloud services.

The Technical Picture Looks Clean

From a chart perspective, Alphabet is doing everything right. The stock punched through $320 and is holding gains around $323, staying comfortably inside a rising channel that's been the roadmap since late summer. The move above $313 marked a shift into a steeper trend leg, the kind of acceleration that gets technical traders excited.

Here's what matters: that $313 level used to be resistance earlier this month, and now it's flipped to support. That's textbook bullish behavior. If momentum cools off, buyers are expected to show up at $313 to defend the position. Below that, you've got the 20-day exponential moving average around $288 and the 50-day at $267, both sitting well below current price. That gap tells you the trend is strong and there aren't any early warning signs of exhaustion.

The Bollinger Bands have widened sharply as GOOGL rode the upper band, which is a pattern that screams directional conviction. When price approaches the $330 to $335 region, it'll be testing the channel ceiling. That's where you might see some volatility kick in, but the structure still favors upside until those support levels actually break.

Intraday Action Shows Steady Buying Interest

Zoom into the 30-minute chart and the story stays consistent. Alphabet is holding above its session volume-weighted average price near $323, and dips keep getting bought. The pattern of higher lows is intact as long as price stays above $321. The Relative Strength Index cooled off from overbought territory but remains above 50, which signals consolidation rather than reversal.

Analysts have noted that Alphabet has been showing real resilience during minor market pullbacks. Institutional money appears to be supporting the broader trend, which is exactly what you want to see when evaluating whether a rally has staying power.

Holding above $313 keeps the channel structure intact and opens up near-term targets at $335 and $340. If we get a decisive break below $313, that would be your early warning signal that buyers are losing momentum. In that scenario, price could head toward the 20-day EMA around $288, which would still be a normal correction within a healthy uptrend.

AI Infrastructure Is the Fundamental Driver

The technical setup is great, but it matters a lot more when there's a fundamental story backing it up. Recent performance gains have positioned Google as a legitimate competitor to Nvidia (NVDA) and other chip players in high-capacity compute markets. That's a big deal, because the AI infrastructure race isn't slowing down anytime soon.

There's also a tailwind from the U.S. government's "Genesis Mission," a federal initiative expanding access to national supercomputing resources. This supports industry-wide demand for advanced AI infrastructure, and analysts expect Google Cloud to benefit from increased public-private research partnerships tied to the program. It's the kind of structural support that makes rally predictions more credible.

What to Watch Next

The setup is bullish, but nothing moves in a straight line forever. The $330 to $335 zone is where things get interesting. That's the top of the channel, and it's also where Polymarket traders have placed their highest-confidence bet. If Alphabet can push through that level cleanly, the $345 and $350 targets come into play.

On the downside, $313 is the line in the sand. As long as that holds, the trend is your friend. Break below it with conviction, and you'll want to reassess whether the momentum trade is still working or if it's time to wait for better entry points lower.

For now, the technical structure is intact, the fundamentals are improving, and prediction markets are putting serious money behind continued upside. That's a combination worth paying attention to.