Saad Ullah
⬤ Duolingo (DUOL) stock just broke through a major technical support at $164 — the 0.78 Fibonacci retracement level that had been holding the line. Now that this floor's been breached, traders are watching the $115 level as the next potential stopping point. When a stock loses a key Fibonacci level like this, it often means momentum is shifting to the downside.
⬤ The chart's telling a pretty clear story right now. After hitting recent highs, DUOL's price action took a turn, and breaking below $164 is raising red flags about more downside ahead. Fibonacci retracement levels are bread-and-butter technical tools for traders, and losing this one suggests the selling pressure isn't done yet. All eyes are on that $115 zone to see if it can actually hold.
⬤ While the technical picture looks rough, there's still a chance DUOL finds its footing at $115. If buyers step in there and defend that level, we could see a bounce. But if $115 crumbles too, things could get uglier — especially if the broader market stays shaky. The next couple weeks are going to be critical for determining whether this is just a dip or the start of something worse.
⬤ Breaking $164 is a big deal technically, but remember — charts are just one piece of the puzzle. Market sentiment, company fundamentals, and macro conditions all play a role in where a stock goes next. For now, DUOL's under pressure, and that $115 level is the make-or-break zone that'll tell us if this stock can stage a comeback or keep sliding.
Saad Ullah
