On the daily chart, Palantir (PLTR) is showing bullish potential as the EMAs remain in a golden crossover, confirming the short- to medium-term uptrend. The MACD histogram is starting to tick higher today, hinting at a possible shift in momentum, while the RSI stays in neutral regions. However, the MACD lines are still crossed bearishly, indicating the ongoing correction phase. Despite this, PLTR has held above the 0.382 Fibonacci support at $79.8 for the past six days. If Palantir can break above the 50-day EMA at $87, it may trigger an upward move towards the 0.382 Fib resistance at $96.8, with the potential to reach the golden ratio level at $109.
Palantir Stock (PLTR) Reaches Key Support Level – Is a Bullish Rebound Imminent?
Konstantin Kaiser•Monday, March 10, 2025•2 min read
Palantir (PLTR) Faces Correction After 2,018 % Gain
Over the past two years, Palantir (PLTR) has demonstrated remarkable performance, surging over 2,018% and reaching a new all-time high of approximately $125 just last month. However, since establishing this peak, the stock has entered a correction phase, where it has retraced to the key 0.382 Fibonacci level at $79.8. This is a crucial area for bulls to defend, as a failure to hold this support could send the stock lower, targeting the next critical support at the golden ratio level of $50.
As long as Palantir remains above this $50 level, the long-term bullish trend stays intact. A break below would likely signal a shift into a bearish trend. In terms of technical indicators, the MACD lines remain bullishly crossed, suggesting that the broader bullish momentum is still in place. However, the RSI is hovering in overbought territory, indicating that the stock may be losing steam. Additionally, the MACD histogram has started to tick lower this month, which suggests that bullish momentum may be weakening. Investors should keep a close watch on the $79.8 support level for signs of further downside potential.
A Massive Bearish Divergence Has Emerged On The Weekly RSI
Palantir (PLTR) Stock Could Now Bounce Off Bullishly
Palantir Eyes Potential Upside of Up To 27 %
Palantir (PLTR) has maintained support above the 0.382 Fibonacci level at $79.8, which sets the stage for a potential upside of 13% to 27%, aiming at higher Fibonacci resistance levels. If PLTR breaks through the golden ratio at $109, the current correction phase would be invalidated, pushing the stock back into a bullish trend. This would open the possibility for Palantir to retest its all-time high (ATH) at $125.4 or even surpass it.
On the 4-hour chart, the technical indicators are bullish. The MACD lines have crossed positively, and the golden crossover remains intact, confirming a short-term bullish trend. The histogram is ticking higher, while the RSI has formed a bullish divergence, suggesting further upward movement towards the next resistance levels in the near term.
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Konstantin Kaiser
Financial Writer and Market Analyst
Konstantin Kaiser comes from a data science background and has significant experience in quantitative trading. His interest in technology took a notable turn in 2013 when he discovered Bitcoin and was instantly intrigued by the potential of this disruptive technology.
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