(NYSE: SPOT) share price has been rangebound between $476 and $620 since February, with the stock closing last week near the top of this range at approximately $620.49 per share. Heading into this week, the resistance zone between $620 and $652 will be in sharp focus. A decisive break above $652 could see Spotify reach new all-time highs, with $700 emerging as the next psychological resistance level where profit-taking could occur. However, a disappointing earnings report could easily trigger a pullback, pushing the stock back towards the lower end of its trading range. Key technical support for the second quarter lies between $476 and $505. A break below this critical support zone would likely put the $420 to $445 area in the spotlight. Examining momentum indicators, the MACD (Moving Average Convergence Divergence) has turned bullish again, supporting the recent upside. However, as often seen during earnings season, fundamental results tend to outweigh technical momentum. Short-term moves may therefore be highly reactive to earnings announcements rather than purely technical factors. As a result, investors should exercise caution ahead of the earnings release and reassess Spotify’s medium-term outlook once more information becomes available.