Usman Salis
NIO Inc. has bounced back hard, with shares hitting $6.73 after a massive 38% monthly run. Following months of sideways action and downward pressure, the stock is now sending mixed signals — caution ahead in the near term, but real optimism for the bigger picture. Traders are keeping a close eye on whether this momentum can stick around.
NIO Price Analysis
Trader @cantonmeow points out that NIO is bumping up against its upper Bollinger Band right now — a spot that usually acts like a ceiling. This means we might see some selling pressure or sideways movement before any major breakout attempt.
But here's where it gets interesting: the longer-term setup is looking solid. NIO is getting back above its 20-month moving average, which has historically been a game-changer from bearish to bullish trends. Plus, the Bollinger Bands are squeezing tight, and that usually means a big move is coming.
Short-Term Resistance for NIO Price
With NIO hovering around $6.70–$7.00, that upper Bollinger Band is the line in the sand. If it can't punch through, we could see a pullback. That wouldn't kill the bullish story — it might just give long-term investors another chance to buy in.
Looking past the short-term noise, NIO's bigger picture is brightening up. Getting back above that 20-month average combined with those tightening bands suggests the stock might be gearing up for a larger upward cycle. We've seen similar setups lead to strong rallies in NIO before.
If this momentum holds, NIO could be eyeing the $9–$11 range, which would signal a real trend change.
Usman Salis
