Alex Dudov
Palantir Technologies continues to face technical headwinds as the stock navigates a critical corrective phase. While short-term bounces remain possible, the broader market structure suggests significant downside risk before a sustainable bottom emerges.
PLTR Tests $100 Support as Correction Deepens
Palantir Technologies (PLTR) is trading within a broader corrective pattern following its recent advance. The stock may experience a short-term rebound, but the larger technical structure indicates price action remains far from establishing a durable bottom above the $100 threshold.
The current chart analysis outlines a projected move lower after any near-term bounce, maintaining pressure on the overall trend. This technical setup reflects a market still searching for equilibrium after a strong rally phase.
Technical Structure Points to $70 Target Zone
The pattern suggests a completed impulsive advance followed by a multi-stage correction. Current projections point toward a decline below the $100 level before meaningful stabilization can develop.
This outlook aligns with previous technical warnings. A similar analysis appeared in Palantir risks over 50% correction from current highs, where chart structure highlighted vulnerability after the completed rally. The pattern reflects classic post-advance behavior, with price retracing to find demand zones capable of supporting a new base.
Valuation Concerns Support Lower Price Targets
Beyond technicals, valuation remains a central part of the PLTR price action narrative. The analysis suggests institutional buying interest may not materialize until price reaches the $70 region, significantly below current levels. This positioning mirrors the setup seen in PLTR stock tests critical support at make-or-break level, where market structure depended on lower support zones holding firm.
The current phase focuses on price discovery after the stock's strong advance. While a temporary rebound may occur within the corrective structure, the broader trajectory will ultimately depend on whether lower demand levels can absorb persistent selling pressure before a sustained uptrend resumes.
What's Next for Palantir Stock?
Traders should monitor the $100 level closely as a psychological and technical inflection point. A break below this threshold could accelerate movement toward the $70 target zone, where buyers may finally step in with conviction. Until then, the stock remains vulnerable to further downside as the correction runs its course.
For now, patience appears warranted for those looking to establish positions in Palantir Technologies, as the market works through this critical phase of consolidation and repricing.
Alex Dudov
