Visa has rallied ~13% from its June 2 low of $316.05 to the current $356.02, pushing the stock into technically overbought territory after breaking out above the IBD cup-base buy point of $341.98 with its 5% buy range topping out at $359.08. With the stock now at the upper boundary of that buy range and facing structural headwinds from sovereign digital payment alternatives like Brazil's Pix gaining geopolitical traction and the ECB's digital euro pilot advancing, a mean reversion toward the mid-$330s is warranted. The near-term fundamental catalysts are largely priced in following the Q2 revenue beat, while regulatory and competitive risks from government-run payment rails and the Open USD stablecoin consortium create uncertainty that the current valuation does not adequately reflect.