Peter Smith
NIO stock holds above $5.00 with bullish potential. Traders eye $4.60–$4.70 as a key buying zone before another rally.
NIO (NIO) Price Tests Bulls' Patience Above $5.00
NIO's recent performance has got traders talking, especially after the stock managed to climb above that psychologically important $5.00 level. But here's the thing – seasoned traders aren't getting too excited just yet.
A recent Twitter analysis points out something crucial: that dip to $4.82 we saw earlier? That wasn't the real bottom. Smart money is expecting NIO to test even lower waters, somewhere in the $4.60 to $4.70 range, before we see any fireworks.
This isn't necessarily bad news though. In fact, it could be exactly what bulls need to fuel the next big move up.
Why NIO (NIO) Price Could Turn This Dip Into Gold
Here's where it gets interesting. The technical picture suggests we're looking at a classic "higher low" setup – trader speak for a healthy pullback that actually strengthens the uptrend.
Think of it like a basketball player crouching down before jumping higher. That $4.60–$4.70 zone isn't just a random number – it's where the real buyers are likely waiting with their wallets open.
If NIO manages to bounce from this level instead of crashing through it, we could see momentum shift into overdrive pretty quickly. The key is watching how the stock behaves when it hits this sweet spot.
Bottom line: NIO's story isn't over – it might just be getting to the good part. That potential dip to $4.60–$4.70 could be your last chance to get in before the next leg up begins
Peter Smith
