Rigetti fails to hold the $9.80 support, it could continue its decline toward the $5.50 zone.
Till then we can see:
Rigetti Computing (RGTI) is at a pivotal moment, currently trading around $8.90 after a 56% drop from its $16 peak to a recent low of $7. The stock failed to hold the critical $9.80 support level, raising concerns about further downside pressure. However, this decline also presents a short-term buying opportunity before the next major move.
Short-Term Buying Scenario
If buying momentum picks up from $8.90, we could see a rebound toward $12–$13.
This level is a key resistance zone, and failing to break above $13 will confirm that the downtrend remains intact.
Bearish Breakdown Possibility
If RGTI struggles to hold $9.80 and fails to sustain the $12–$13 recovery, it would signal continued weakness.
This could trigger a further drop toward $5.50, and in a worst-case scenario, it could even reach $5.
Key Levels to Watch
$9.80 Support (Broken) → Previously a strong support, now acting as resistance.
$12–$13 Resistance → If RGTI fails here, it confirms further downside potential.
$5.50–$5.00 Support Zone → The next major target if bearish momentum continues.
Conclusion: Decision Point for RGTI
Rigetti Computing is at a critical turning point. A rebound from $8.90 toward $12–$13 is possible, but failure to break above this range will likely confirm the bearish trendline. If that happens, we could see another major drop to $5.50 or even $5. Investors should watch how the stock behaves around $12–$13, as this will determine the next big move.
Till then we can see:
Rigetti Computing (RGTI) is at a pivotal moment, currently trading around $8.90 after a 56% drop from its $16 peak to a recent low of $7. The stock failed to hold the critical $9.80 support level, raising concerns about further downside pressure. However, this decline also presents a short-term buying opportunity before the next major move.
Short-Term Buying Scenario
If buying momentum picks up from $8.90, we could see a rebound toward $12–$13.
This level is a key resistance zone, and failing to break above $13 will confirm that the downtrend remains intact.
Bearish Breakdown Possibility
If RGTI struggles to hold $9.80 and fails to sustain the $12–$13 recovery, it would signal continued weakness.
This could trigger a further drop toward $5.50, and in a worst-case scenario, it could even reach $5.
Key Levels to Watch
$9.80 Support (Broken) → Previously a strong support, now acting as resistance.
$12–$13 Resistance → If RGTI fails here, it confirms further downside potential.
$5.50–$5.00 Support Zone → The next major target if bearish momentum continues.
Conclusion: Decision Point for RGTI
Rigetti Computing is at a critical turning point. A rebound from $8.90 toward $12–$13 is possible, but failure to break above this range will likely confirm the bearish trendline. If that happens, we could see another major drop to $5.50 or even $5. Investors should watch how the stock behaves around $12–$13, as this will determine the next big move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.